OPEC+ slightly increased crude oil production

Accordingly, from next May, OPEC + will raise output to 432,000 b/d, slightly higher than the 400,000 b/d that OPEC+ announced in previous months.

Previously, from December last year to January this year, OPEC+ countries increased production by 64,000 barrels per day, bringing the bloc’s total output to more than 27.9 million barrels per day. However, this number is much lower than the target set by OPEC+.

In an internal report released on the same day, OPEC + also warned that the global economy would suffer a strong blow from the protracted conflict in Ukraine.

According to the report, consumer and business sentiment is expected to be severely affected not only in Europe but around the world if only the inflationary impact of this conflict is taken into account.

Omicron variant increases pressure on OPEC+ group

VTV.vn – The appearance of the Omicron variant is continuing to shock global markets, including “black gold”, causing oil prices to plummet more than 10% at the end of last week.

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