White House welcomes OPEC+ decision to stick to planned output increase

OPEC+ agrees oil output increase from February

White House welcomes OPEC+ decision to stick to planned output increase

By Trevor Hunnicutt WASHINGTON - The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted "close" coordination with Saudi Arabia and the United Arab Emirates. Earlier on Tuesday, a group of producers comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia stuck to a

White House welcomes OPEC+ decision to stick to planned output increase

The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted “close” coordination with Saudi Arabia and the United Arab Emirates.Earlier on Tuesday, a group of producers comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia stuck to a planned increase of 400,000 barrels per day for February.The decision not to hike output even more…

White House welcomes OPEC+ decision to stick to planned output increase

WASHINGTON — The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted “close”…

Oil rises 1.5% as OPEC+ agrees to planned output increase

Oil prices rose 1.5% on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on indications that the Omicron coronavirus variant would have only a mild impact on demand. Read More

OPEC+ ministers extend plan to increase oil output by 400,000 bpd for February

The draft communique, made available to TASS, also says that the plan to increase oil production by 400,000 barrels per day for February had been approved