GLOPEC raises output quota ceiling for September by 100,000 barrels per day

04.08.2022

The Organisation for Petroleum Exporting Countries and its main allies, the latter including Russia, Kazakhstan and Azerbaijan, whom together are known as OPEC+ or GLOPEC, revised their combined output quotas for September higher but by far less than in the previous month.

Nevertheless, Brent crude oil futures slipped in response, possibly...