Open Demo Account
Home / Market Update / Commodities / OPEC+ agrees to raise output by 648K BPD in July and again in August
OPEC

OPEC+ agrees to raise output by 648K BPD in July and again in August

Adel 2 June, 2022 5:59 pm Commodities, Global Stock Market, Market Update

Oil ministers from OPEC+ nations agreed on Thursday to lift output by 648K barrels per day (BPD) in both July and August, according to sources speaking to Reuters, in line with the recommendation made by the group’s Joint Ministerial Monitoring Committee earlier in the day. With Thursday’s meeting having now ended, the next meeting has been penciled in for 30 June.

Tags

Check Also

U.S. Bond Yields Surge Amid Global Sell-Off and Easing Financial Conditions

U.S. Treasury yields climbed noticeably at the start of December, driven by a broad global …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends