Monday, December 06, 2021

NEWS

OPEC decides to maintain the pace of oil production

OPEC

OPEC decides to maintain the pace of oil production

Vienna, Nov 4 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) decided today to maintain the rhythm of monthly production increases by 400,000 barrels per day until 2022 despite the US pressure to outstrip supply.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

In a virtual meeting, the energy ministers of OPEC and other major producers -known as OPEC+- agreed that the risk factors on fuel demand persist.

It is necessary to ensure a stable and balanced oil market and an efficient and secure supply to consumers, explains OPEC+ in its final statement.

Clarity must be provided, experts set out in the text, at a time when other parts of the energy market outside the oil market are experiencing extreme volatility and instability.

At the online meeting, Russia’s Deputy Prime Minister Alexander Novak reiterated that although the oil market is recovering, it remains under pressure from the delta variant of SARS-Cov-2 coronavirus.

Global demand is under pressure from the delta variant in key consumption regions and restrictive measures continue in some countries, he noted.

ef/omr/mem/tdd

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.