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[size=36]OPEC agrees to gradually increase oil production from May[/size]
Economie| 06:16 - 01/04/2021
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BAGHDAD - Mawazine News
, Reuters quoted an informed source as saying that the "OPEC +" group, on Thursday, reached an agreement on a gradual increase in oil production as of May.
Two sources said that OPEC + has not yet agreed on figures for a gradual increase in production.
Reuters sources had previously said that OPEC + was considering increasing production by 350,000 barrels per day in May, the same in June, and then 400,000 barrels per day in July.
The "OPEC +" group cuts production by about seven million barrels per day to support prices, while Saudi Arabia adds one million barrels per day to these cuts.
, Reuters quoted an informed source as saying that the "OPEC +" group, on Thursday, reached an agreement on a gradual increase in oil production as of May.
Two sources said that OPEC + has not yet agreed on figures for a gradual increase in production.
Reuters sources had previously said that OPEC + was considering increasing production by 350,000 barrels per day in May, the same in June, and then 400,000 barrels per day in July.
The "OPEC +" group cuts production by about seven million barrels per day to support prices, while Saudi Arabia adds one million barrels per day to these cuts.
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