OPEC + member states have agreed to increase oil production by 400,000 bpd per month from August. This is stated in a press release from OPEC.<\/p>\n
It is noted that the OPEC + countries will seek to eliminate the current restrictions in September 2022. Thus in December, 2021 the estimation of the market is given.<\/p>\n
Thus, from May 2022 for Saudi Arabia and Russia will increase the base of reduction of oil production from 11 to 11.5 million bpd, for the UAE – from 3.2 to 3.5 million bpd, for Iraq – from 4, 65 to 4.8 million bpd, for Kuwait – from 2.8 to 2.96 million bpd – only 1.63 million bpd.<\/p>\n
The basis for the reduction of oil production is a parameter from which for each country is considered the necessary amount of reduction. The above countries will now be able to extract large volumes of oil under the agreement.<\/p>\n
The next ministerial meeting will take place on September 1.<\/p>\n","protected":false},"featured_media":129622,"menu_order":0,"template":"","newscat":[9],"newstag":[],"issues":[],"class_list":["post-129621","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/129621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/129622"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=129621"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=129621"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=129621"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=129621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}