2025-08-03 15:10
publication
2025-08-03 15:10
OPEC + countries have reached an agreement on increasing oil production from September by 547 thousand. barrels a day. The decision is dictated by the fears of potential disturbances in the supply of raw material from Russia – the Reuters agency assessed.
OPEC + countries (Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman) conducted a virtual meeting on Sunday, during which they decided to increase the mining of raw material.
A group that brings around half of the world oil for several years limited production to maintain oil prices. This year she changed the course, trying to regain market shares, partly encouraged by the appeals of the US President Donald Trump to increase production, “Reuters noted.
Eight OPEC+ Member States began to increase production in April, making a modest growth by 138 thousand. Baryłek a day, after which in May, June and July there were larger increases than planned by 411,000. Baryłek a day, and in August by 548 thousand Baryłek a day – the agency reminded.
The cost of oil remained high, and the price of Brent oil on Friday closed around $ 70. for a barrel. (PAP)
JBW/ SP/
