OPEC+ to raise oil production by 137,000 barrels per day in November

New York (AP) – A group of countries with a part Alliance of OPEC+ Petroleum Exporting Countries He accepted a small increase in oil production by referring to a stable global economic appearance.

The group said that after a virtual meeting on Sunday, it would increase oil production in November 137,000 barrels per day and announced in October. Group Gently upgrade the output in a series of supports all yearsubsequently Announces Disclaimers in 2023 and 2024.

The group said in a statement that the movement stems from the “stable global economic appearance and the current healthy market foundations”. He added that production adjustments can be paused or reversed as the market conditions develop.

Saudi Arabia has a significant impact in OPEC+ as the dominant member of the OPEC producers cartel, and Russia is a leading OPEC member of the 22 -country alliance.

The group, which came together with Saudi Arabia and Russia on Sunday, consists of Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman. The next meetings are planned on 2 November.