GLOPEC’s accelerated oil output growth unlikely to have strong market effect

07.06.2022

The OPEC+ countries, which count Russia, Kazakhstan and Azerbaijan among their ranks, at a meeting on June 2 decided to increase oil production in July-August by 648,000 barrels per day (bpd) monthly instead of 400,000-43,000 bpd, which the alliance has adhered to since August 2020. Russian Deputy Prime Minister Alexander...