OPEC+ agrees to increase production by 400,000 bpd as of March: report

02/02/2022 Argaam

Logo of OPEC

The meeting of the ministerial committee of OPEC+ agreed to increase oil production by 400,000 barrels per day (bpd) as of March, Reuters reported, citing familiar sources.

 

Goldman Sachs said in a note that there is a chance for a faster increase in OPEC+ production given the recent pace of market rally.

 

OPEC+ recently stuck to its goals of a monthly production increase of 400,000 barrels per day, and a few OPEC members are finding it difficult to pump even that agreed-upon modest increase.

 

A report prepared by the OPEC+ committee showed that the committee kept its forecast for the growth of global demand for oil for the current year unchanged at 4.2 million bpd.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read