US EditionRosneft: OPEC+ Could Increase Oil Production Faster than Planned
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OPEC+ move is insightful amid uncertainties caused by the Middle East conflict
OPEC+ oil cartel members could increase production about a year earlier than originally planned, said Igor Sechin, CEO of Russian oil company Rosneft, on Saturday. TASS reports. The decision of OPEC+ member states to increase oil production appears justified and prudent given the ongoing conflict in the Middle East, Sechin said at the St. Petersburg International Economic Forum (SPIEF). “The announced increase in production, which began in May o…
The OPEC+ group of the world's leading oil producers could advance their pumping increase by about a year compared to the initial plan, declared on Saturday Igor Sechin, head of Rosneft , the largest Russian crude oil producer.It also stated that OPEC+'s decision to accelerate the increase in production now seemed forward-looking and justified in the light of the confrontation between Israel and Iran.The Organization of Petroleum Exporting Count…
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