EnergyWatch

Oil market lacks confidence in new OPEC agreement

OPEC has promised to send more oil into the global market, however, the agreement to withhold 1.8 million bpd from consumers continues in practice.

VIENNA

Members of the Organization of Oil Exporting Countries (OPEC) agreed on Friday to increase oil production by 600,000 bpd from July 1, however, that amounts to only 0.5 percent of global consumption.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs