OPEC+ countries agreed to increase oil production in order to compensate for the decline in production in the Russian Federation: up to 648 thousand barrels per day in July and up to 648 thousand barrels per day in August. It is reported by Reuters.
The initial plan was to extract 432,000 barrels per day for three months before September.
Against this news, oil prices have changed slightly, the agency adds.
Oil prices fell on Thursday morning on the eve of the OPEC+meeting, expecting that Saudi Arabia and other OPEC members can increase oil production to compensate for the drop in production in Russia.
Russian booty fell by about 1 million barrels per day due to sanctions.
One of the sources in OPEC+, familiar with the position of Russia, said that Moscow may agree so that other manufacturers increase the prey in order to compensate for its lower prey, but it is not necessary to compensate for the entire deficit.