86-18621532299
Company
  • J-PECO  HeFei, China
  • 16F, Fusi Center, FeiCui Road and XiuNing Road Intersection, ShuShan District, HeFei City, AnHui Province, PRC.
  • +86 551-64665822 63524022
  • +86 551-63524022-8010
  • rex.gao@j-peco.com
  • http://www.j-peco.com
OPEC +" oil production reduction agreement will be extended to 2022
Date: Click quantity: 136

Russia's "businessman" reported on July 18 that "OPEC +" Member States agreed to extend the oil production reduction agreement until December 31, 2022. The daily oil production quantity will increase by 400000 barrels from August until the quarantine restrictions on the epidemic are lifted. It is planned to evaluate the market situation and the situation of member states in December.

In addition, "OPEC +" Member States agreed to increase the basic production level of some countries. The daily quota of Russia and Saudi Arabia will increase from 11 million barrels to 11.5 million barrels, and that of the United Arab Emirates will increase from 3.1 million barrels to 3.5 million barrels.