OPEC+ increases production by 206,000 barrels/day in May
Golden Ten Data, April 5 – According to a statement on the OPEC website, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman have decided to implement a production adjustment of 206,000 barrels per day from the previously announced additional voluntary cut of 1.65 million barrels per day from April 2023. The adjustment will be implemented in May 2026.
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