As of July, the countries participating in OPEC will distribute 43,206 million barrels per day, while Saudi Arabia and Russia will account for the largest production volume, supplying 10.833 million barrels per day, respectively.
Euskaraz irakurri: Lurralde Petrolio Esportatzaileen Erakundeak petrolioaren ekoizpena % 50ean handitzea erabaki du
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, have decided increase their combined crude oil production by 50% to 648,000 barrels per day from July next year, as reported in a statement.
At the end of Thursday’s meeting, the group of countries, including OPEC and allies such as Russia, Mexico or Kazakhstan, decided to “advance the global production adjustment planned for September” and share the increase of 432,000 barrels equitably. expected between the months of July and August, increasing the supply from July to . is adjusted upwards 648,000 barrels per day
These gradual increases have been taking place since July 2021 to reduce the production cut due to the drop in demand in 2020 before the pandemic.
The decision, taken at a virtual meeting of the 23-nation alliance, came under pressure from some consumer states, such as the US, on OPEC to further increase production to reduce the price of crude oilwhich hovered around $120 a barrel, the highest level in ten years.
For example, from July OPEC+ production will be 43,206 million of barrels per day, compared to 42.558 million in June. Saudi Arabia and Russia will account for the largest production volume, supplying 10.833 million barrels per day, respectively.
Under the quotas in effect from June, OPEC’s ten countries will have to produce a maximum of 26.276 million barrels per day, while the rest of the countries could pump up to 16,930 million barrels.
On the other hand, the ministers of the OPEC+ countries have agreed to meet again on June 30.
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/es_ES/sdk.js#xfbml=1&version=v2.8”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
