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2021-07-18T12:34:31.335Z
The ministers of the OPEC + countries during a meeting on July 18 approved new base levels of oil production and agreed to increase production by 400 thousand bpd until 5.8 million bpd were returned to the market. This was reported in a report on the OPEC website. In addition, the alliance extended the deal to limit oil production until the end of 2022.
"To adjust the total production by 0.4 million b / d monthly, starting in August 2021," - follows from the text of the press release of the meeting.
Also, the countries agreed to increase the base for Russia and Saudi Arabia - up to 11.5 million bpd, writes RIA Novosti.
The next 20th meeting is scheduled for September 1, 2021.
Earlier in the RT material it was reported how disagreements in the OPEC + alliance could affect the world oil market.
Source: russiart
