Categorie
OPEC+

OPEC+ sticks with plan to gradually boost output, despite Omicron (Al Jazeera)

OPEC+ announced on Tuesday that it is sticking with its plan to gradually boost oil output next month, as the group brushed off concerns about Omicron’s impact on global crude demand.

The 23-nation member group encompassing Saudi Arabia-led OPEC and the cartel’s allies led by Russia agreed at the end of its meeting on Tuesday to adhere to its previous decision to increase oil production by 400,000 barrels a day in February.

OPEC+ sticks with plan to gradually boost output, despite Omicron | Oil and Gas News | Al Jazeera