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OPEC+ agrees to boost oil production by 547,000 barrels per day

Euronews · Just In
Euronews
Euronews
Just In

Eight OPEC+ countries meeting on Sunday agreed on a bump in oil production for September by 547,000 barrels per day.

Breakdown
  • OPEC+ will boost oil production by 548,000 barrels per day from September.
  • The increase could help reduce gas prices this year. 9s
  • OPEC+ had previously limited production to support oil prices. 13s
  • The decision follows calls from US President Donald Trump to increase output. 19s
  • The move comes amid US efforts to pressure Russia over its invasion of Ukraine. 23s
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