8 countries in the OPEC Plus coalition, including Saudi Arabia, the UAE and Russia, announced an agreement on an increase in oil production, starting from August (August), by 548 thousand barrels per day, as a result of adaptation to improve the foundations and stable economic expectations.
Eight countries have confirmed their commitment to support for the stability of the market, preserving, maintaining flexibility in order to stop or turn back the increase in accordance with market events.
The decision is made as part of a gradual return from voluntary reduction in production by 2.2 million barrels per day, which began in April last year.
Analysts expected an increase by 411 thousand barrels per day, similar to an increase declared in the previous three months.
The data indicate that in the period from April to July (July) increased production by 1.37 million barrels, which is 62 percent of its decrease.
The new meeting should be held on August 3 to determine the levels of September production.
