Seven “OPEC+” countries (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman) have agreed to increase oil production in August by 188,000 bpd compared to the July level.
“Elchi” reports that the “Reuters” agency has provided information on this, citing a source.
According to two interlocutors of the publication, the increase in quotas is the most likely version of the final decision.
The meeting of these countries is scheduled to start at 14:00 Baku time.