OPEC+ decides to hike oil production gradually

The Organization of the Petroleum Exporting Countries (OPEC) and a group of Russia-led producers (known collectively as OPEC+) agreed on Wednesday to continue increasing oil production gradually as they had agreed at their meeting in July.

At a virtual meeting, the group decided to boost output in monthly installments of 400,000 barrels a day through the end of 2022.

Source(s): Xinhua News Agency

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