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Oil Minister: OPEC + will consider increasing current production cuts to 1.6 million barrels per day
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Economy News _ Baghdad
OPEC and its allies will consider increasing current production cuts by about 400,000 barrels per day (bpd) to 1.6 million bpd, Oil Minister Thamer Ghadhban said on Sunday.
Ghadhban told reporters in Baghdad that the organization and its allies in the so-called OPEC + would consider increasing the cuts in meetings scheduled to be held in Vienna this week.
He added that the unrest in the country did not affect crude production and export operations and there is a surplus of oil.
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