VIENNA -- OPEC nations and oil-producing countries not in the cartel say they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil -- a move that should help contain the recent rise in global energy prices.
Russia and other oil-producing allies said after their meeting Saturday in Vienna with OPEC countries they would endorse a nominal output increase of 1 million barrels crude oil per day.
The Organization of the Petroleum Exporting Countries said in a statement that both member and non-member oil producing countries "decided that countries will strive to adhere to the overall conformity level, voluntarily adjusted to 100 per cent."
The statement did not say how the production increase would be split between OPEC and non-OPEC nations.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Quebec judge rejects Jordan motion to end trial of ex-Amaya CEO and others
The Canadian Press</span>
Published Monday, January 22, 2018 3:37PM EST
Last Updated Monday, … Read More...
Canada and rest of Trans-Pacific Partnership agree to revised text: reports
Andy Blatchford, The Canadian Press</span>
Published Tuesday, January 23, 2018 7:12AM EST
Las… Read More...
Canada, TPP members agree to revised deal without the U.S.
Andy Blatchford, The Canadian Press</span>
Published Tuesday, January 23, 2018 7:12AM EST
Las… Read More...
Huge pay package for Musk at Tesla, with ambitious goalsPALO ALTO, Calif. -- Elon Musk will remain at Tesla under a 10-year, all-or-nothing pay package that… Read More...
Easing stance, South Korea to adopt real-name crypto trading
Youkyung Lee, The Associated Press</span>
Published Monday, January 22, 2018 11:47PM EST
Last… Read More...
0 Response to "OPEC and allies agree to share oil production increase"
Post a Comment