In addition to an increase of 548 thousand barrels per day in August, the oil exporters group also plans to increase the production of 550 thousand barrels in September.
The countries of the organization of oil exporting countries (OPEC+) are planning to approve another significant increase in labor in September. On Monday, July 7, Reuters reported that there was a reference to five resources.
It was noted that a group of oil producers would probably approve nearly 550,000 barrels per day for September at its meeting on August 3.
This will complete the spontaneous reduction in the manufacture of eight members and returns to market 2.17 million barrels per day. In addition, the UAE will increase by 300,000 barrels per day, as the country has moved to a large quota for labor, agency resources said.
In the past, OPEC+, which produces almost half of the global volume of oil, has reduced the production for many years to support the market. But this year he changed the course to restore his share of the market, as US president Donald Trump has asked the group to increase production to help maintain low fuel prices.
Keep in mind that a few days ago OPEC+ came up with a sharp rising oil manufacture in August 548 thousand barrels per day.
And in June, OPEC countries increased oil production by 270 thousand barrels per day due to Saudi Arabia and the UAE.
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Source: korrespondent
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