OPEC+ agrees to boost oil output
Multinational This is an increase from the original aim of the group to up production by 432,000 bopd per month from August to September 2022.
The move is set to counter falling oil production in Russia, which has declined by 1 million bopd following sanctions imposed by Western countries over Moscow’s occupation of Ukraine.
Price of spot Brent crude rose to USD 116.9 per barrel on Thursday following the decision.
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