OPEC oil extraction peaked in July



[ad_1]

The OPEC and other major producers agreed to increase mining in June

30. July 2018 at 19:41 TASR


The article continues under video advertising

LONDON. The Organization of Petroleum Exporting Countries (OPEC) increased in July to reach the peak of this year.

Member States increased production by agreement to reduce supply constraints. In addition, the Congolese became members of the cartel. The Iranian and Libyan slowdowns were however limited

In July, OPEC pumped 32.64 million barrels (1 barrel = 159 liters) of oil a day, according to a Reuters poll. That was 70,000 barrels a day more than in June and most of this year.

The OPEC and other major producers agreed to increase mining in June

US President Donald Trump has already asked producers to compensate for breakdowns New Opposition to Iran against Iran and ban on rising prices

OPEC, Russia and other producers agreed at a meeting on 22 and 23 June to return to the production restrictions entered into force in January 2017 100 percent, when in recent months, the reduction in mining has increased to 160% of the agreed limitations for failures in Venezuela and in d & # 39; 39, other countries. Saudi Arabia said the decision meant an increase in mining of 1 million barrels a day

[ad_2]
Source link