OPEC (Organization of Petroleum Exporting Countries) led by Saudi Arabia and major oil-producing countries such as Russia have agreed to increase the production volume after August, which was the focus, by 400,000 barrels per day every month. ..

On the other hand, we have extended the period until the end of 2022 for the ongoing cooperative production cuts.



In the discussions so far of oil-producing countries, UAE = United Arab Emirates rebelled over the allocation of production, and opinions were disagreed, and international crude oil futures prices were temporarily set in early July due to concerns about supply shortages in the market. , It had risen to the highest price in about 6 years and 8 months.