Mining News

Reuters first to report OPEC+ agrees to oil output increase from February; market reacts

Share on facebook
Share on twitter
Share on linkedin
Share on email

Reuters was first to report on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, opted to stick with the existing policy of gradually adding 400,000 barrels of oil per month to global supply. Oil prices rose one percent after the first OPEC+ meeting of 2022, with producers basing their decision on indications that the Omicron coronavirus variant would have a short-lived impact on demand.

The post Reuters first to report OPEC+ agrees to oil output increase from February; market reacts appeared first on Reuters News Agency.

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on email