The Committee OPEC+ recommended to increase oil production by 1 million b/d

The recommended increase oil production to 1 million barrels will be split between all 24 member countries of OPEC+ proportionally.

Ministerial monitoring Committee of OPEC+ after made a decision to recommend that the OPEC countries to increase oil production by 1 million b/d, according to Interfax.

As stated by the Minister of energy of Saudi Arabia Khalid al Falk recommended by the monitoring Committee of the OPEC increase oil production to 1 million barrels will be split between all 24 member countries of the transaction proportionally.

According to him, we will apply the principle: who will be able to increase production, one increases. Actual supply on the market will be smaller because some countries will not be able to increase production.

The price of oil fell below 73 dollars

Earlier, Saudi Arabia promised to cover the deficit of oil.

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