Thursday 29 July 2021
Oil prodiction to surge by 400,000 barrels per day from August

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Oil prodiction to surge by 400,000 barrels per day from August

timestampJul 19, 2021 authorAlShorts Web Desk

The 19th OPEC and non-OPEC ministerial meeting resulted in OPEC+ agreeing to increase the base level of production in Saudi Arabia and Russia from 11 to 11.5 million barrels per day each. Besides, the UAE's production will also increase to 3.5 million barrels per day, while Kuwait and Iraq's production will rise by 150k barrels per day. Oil fell USD1 after the announcement of the boost in supply.

Latest News

India on UK's red list; no quarantine for vaccinated EU & US travellers

Australian athletes in isolation as American pole vaulter contract COVID-19

Abu Dhabi announces AED3000 fine for breaching sterilisation hour rules

Flights from India, Pakistan to UAE remain suspended till 31 July

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