Vienna (dpa -AfX) – According to insiders, the Oilverbund Opec+ is considering a greater expansion of oil production than previously thought. At the meeting on Saturday, an increase should be discussed by more than the last 411,000 barrels (159 liters each) per day for August, said representatives of the countries involved on Friday. The eight core members now followed by more than 500,000 barrels, a country representative said.
Saudi Arabia drives these considerations, although the paragraph punches and the oversupply pressed on the prices, it said. Under the leadership of Saudi Arabia and Russia, the core group from eight countries had significantly throttled its daily production in recent years