OPEC+ agrees to increase oil output following pressure from U.S.
OPEC and its oil producing allies, commonly known as OPEC+, agreed on Thursday to increase output by 400,000 barrels per day in January, as decided earlier
By Shubhangi Mathur
Published - Dec 03, 2021, 07:00 AM ET
Last Updated - Jul 05, 2024, 06:53 AM EDT
• OPEC+ to increase output by 400,000 barrels per day in January, as decided earlier
• Brent crude futures rose 1.16% at $69.67 per barrel on Thursday
OPEC and its oil producing allies, commonly known as OPEC+, agreed on Thursday to increase output by 400,000 barrels per day in January, as decided earlier.
The alliance, however, said that “the meeting remains in session,” which means they can make immediate changes if the market conditions alter.
