Key OPEC+ members agree to again boost oil production

W460

Eight key members of the OPEC+ alliance have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of sales of crude.

Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman -- decided Sunday to increase daily production by 137,000 barrels a day from next month, they said in a statement.

Comments 0