OPEC+ To Increase Oil Production in May: Report ...0

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OPEC+ To Increase Oil Production in May: Report
source : OILPRICE ( Middle East ) () 33
OPEC+ is expected to agree on a plan that would see production for the group increase in May, OPEC+ sources told Reuters on Tuesday. The OPEC+ group, comprised of the 12 OPEC members—Saudi Arabia, Iraq, Iran, Kuwait, Venezuela, Gabon, Algeria, Equatorial Guinea, Libya, UAE, Congo, and Nigeria—and non-OPEC member organizations Russia, Brazil, Mexico, Kazakhstan, Oman, Azerbaijan, Bahrain, Malaysia, South Sudan, Brunei, and Sudan—produce more than 45 million barrels of crude oil per day—or 59% of global oil production. The…

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