Article 5ZXXF Opec agrees to ramp up oil production, but fails to exclude Russia

Opec agrees to ramp up oil production, but fails to exclude Russia

by
Kalyeena Makortoff
from World news | The Guardian on (#5ZXXF)

Brent crude makes small rise to $116.94 as group sets extra output higher at 650,000 barrels a day

The Opec oil cartel and its allies have agreed to ramp up production of crude amid a surge in global demand, but did not exclude Russia from contributing to future increases despite its invasion of Ukraine.

Ministers representing Opec's 13 members and 10 non-Opec producers led by Russia, a grouping called Opec+, said on Thursday they would increase output by nearly 650,000 barrels a day in July and August, nearly two-thirds more than previously planned rises of about 400,000 barrels a day.

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