What’s Behind The New OPEC Agreement? ...Middle East

OILPRICE - Economy
What’s Behind The New OPEC Agreement?
source : OILPRICE ( Middle East ) () 14
The OPEC+ group managed to come to an agreement on Sunday regarding the production cuts that would add another 400,000 barrels per day into the oil market starting in August, according to an OPEC press release, despite conflict among some members such as UAE, which was holding out for a higher baseline. The group will add another 400,000 barrels per day to oil output in September and every month thereafter until production levels have been completely restored. If the production additions go to schedule, full production will be restored by September…

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