Last month, OPEC was mined 27.02 million barrels per day, about 270 thousand barrels per day than in May.
In June, countries of oil exporting countries (OPEC) increased labor at the expense of Saudi Arabia and the UAE. Reuters reported this Friday, July 4.
It is indicated that last month, OPEC was mined 27.02 million barrels per day, about 270 thousand barrels per day more than May. The greatest increase in production was observed in Saudi Arabia.
According to the agreement of eight OPEC+members about the acquisition in June, five of them, part of OPEC – Algeria, Iraq, Kuwait, Saudi Arabia and the UAE, should increase the victim of 313 thousand barrels a day before compensation 0 for Iraq, Kuwait and the UAE.
But the actual rise of the victim in five countries reached 267 thousand barrels per day, while Saudi Arabia costs 200 thousand barrels per day, though the mines are still lower in its quota.
At the same time, Iraq, which is pressure to increase OPEC+ level compliance with the acquisition, decreased production.
The UAE has increased the victim to 100 thousand barrels per day, but the mines of their quota are still lower within the OPEC+plot.
Remember, on May 31, OPEC+ countries decided to increase the production of 411 thousand barrels daily in July. Previously, a similar production increase was agreed in May and June.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.