1 Day
Source:
المشهد العربي
OPEC+ Considering Boost in Oil Output
It is expected that the "OPEC+" organization will adopt a new increase in the oil production targets for member countries, which will take effect starting next August. Forecasts indicate an increase of 188,000 barrels per day, as part of a gradual adjustment plan to the previously agreed-upon production cut policy. This step comes amid economic pressures and crises resulting from the Iranian-Iraqi conflict and its repercussions on the oil market, with some countries seeking to reassess their production quotas in line with current developments.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)