As crude oil prices continue to rise, OPEC (OPEC) led by Saudi Arabia and oil-producing countries such as Russia will hold a ministerial meeting on the 4th to discuss whether the current crude oil production plan is appropriate.

As Japan and the United States, which are concerned about the impact of high crude oil prices on their livelihoods and economic activities, are calling for increased production, attention will be paid to how oil-producing countries will respond.

OPEC, which produces in Saudi Arabia, and major oil-producing countries such as Russia will hold an online ministerial meeting on the 4th to discuss whether to revise the current crude oil production plan, which is expected to increase by 400,000 barrels per day every month. ..



Regarding the crude oil price, which has risen to the level for the first time in seven years, there are voices from each country concerned about the impact on living and economic activities, the Japanese government is requesting an increase in production, and President Biden of the United States is calling for an appropriate supply. increase.



However, the energy minister of Saudi Arabia, who leads the meeting, told NHK that the spread of the new coronavirus has not subsided and is cautious about increasing production, maintaining the current plan among oil-producing countries. There are many opinions that it should be done.



Demand for crude oil is expected to continue to increase due to the resumption of global economic activity, and there is a view that if oil-producing countries postpone additional production increases, crude oil prices will rise further, so how will oil-producing countries respond? Will be noticed.