OPEC+ agree to tiny increase in output in Sep.

Описание: OPEC+, 9월 하루 10만 배럴 증산에 합의

The world's oil-exporting countries have approved only a minimal increase in oil production from next month,... despite pressure from the White House to help cool crude prices.
Kim Hyo-sun has more.
The Organization of the Oil Exporting Countries and its allies,... which includes Russia,... have agreed to a slight increase in output from September.
The group,... also known as OPEC Plus,... said Wednesday that it would produce an additional 100-thousand barrels a day next month,... amid fears that a global recession will lead to lower demand.
This is one of the smallest oil production increases in the group's history.
The announcement came after the first OPEC meeting since U.S. President Joe Biden visited Saudi Arabia last month,... where he urged the country to pump more oil to help cool prices.
For July and August,... the group pledged to add over 600-thousand barrels a day to the market.
Following the announcement,... Washington highlighted that it's focused on keeping oil prices down.

"But what we're focused on is the bottom line for us is that reducing the price of oil in the market is the most important thing and that's what we're seeing, and that's what we're going to continue to work on."

OPEC, meanwhile, expressed concerns that global supply will not able to be satisfied after 2023,... adding that emergency oil stocks remain at their lowest levels in nearly three decades.
The group's next meeting is on September 5th.
Kim Hyo-sun, Arirang News.


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2022-08-04, 08:00 (KST)