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OPEC+ delays oil production recovery until December

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OPEC+ delays oil production recovery until December

OPEC+ countries agreed to postpone the recovery of oil production scheduled from October for two months until December.

Axar.az reports that a source in one of the delegations told.

"It was decided to postpone. For two months," the source said.

Eight OPEC+ countries, including Russia and Saudi Arabia, voluntarily reduced their oil production by 2.2 mln barrels per day. The countries planned to gradually begin production recovery from October 2024. According to the schedule, oil production would increase by 180,000 barrels daily.
Date
2024.09.05 / 22:56
Author
Axar.az
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