Categories: LatestFood

OPEC and Russia agree to increase oil production

OPEC and Russia agree to increase oil production
The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers have said they are going to increase oil production.

According to foreign media reports, OPEC, Russia and other oil producers have agreed to implement the increase in production by February.

Reports also say that Saudi Arabia’s decision in this regard is extremely important. This is because more demand can be made from Saudi Arabia for more oil production because Saudi Arabia has more oil storage capacity than other countries.
It should be noted that Saudi Arabia and Iraq are currently the two countries that are increasing their oil production, while the rest of the countries are facing difficulties in this regard due to their political nature, investment and mining.

Hailey

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