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Angemeldet: 17.11.2020 Beiträge: 63
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Verfasst am: 02.04.2021, 05:45 Titel:
OPEC Plus resolved to slightly increase production for three |
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Meeting of Energy Ministers of the Petroleum Exporting Countries (OPEC) and Allied Nations or OPEC Plus Has a resolution to gradually increase oil production for 3 months, starting from May to July.
Saudi Energy Minister Prince Abdulaziz bin Salman said in a post-meeting news conference that: OPEC Plus Group To add 350,000 bpd / day in May, 350,000 bpd / day in June. And increased production by 441,000 barrels / day in July.
Prince Abdulaziz also said: Saudi Arabia will lift the 1 million barrel / day of its voluntary cuts in operation xo since January. It will increase production by 250,000 barrels / day in May, and increase production by 350,000 barrels / day in June. And increased production by 400,000 barrels / day in July.
The decision at the OPEC Plus meeting was based on an upturn in the oil market situation. This was fueled by the global COVID-19 vaccination program and the country prompting economic stimulus measures.
For the next OPEC Plus meeting There will be assessments of market conditions. And there will be a decision on the production ceiling adjustment. Each adjustment will not exceed 500,000 barrels / day. |
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