OPEC countries agreed to extend the level of total oil production for members of the organization until the end of 2026.
The United Arab Emirates will start planning to increase oil production by 300 thousand barrels per day from April 2025. This is stated in the OPEC+ communique, reports the specialized publication enkorr.
The increase is scheduled to be completed by the end of September 2026.
OPEC countries also agreed to extend the level of total oil production for members of the organization until the end of 2026.
Russia, according to the quota, will continue to produce 9.95 million bpd regardless of additional production adjustments.
As we have already written, the team of US President-elect Donald Trump is planning to introduce new projects regarding liquefied natural gas and to increase oil production in the United States.
Source: korrespondent
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