Arab Saudi, Russia, and five other OPEC+ members have decided, during a virtual meeting held on Sunday, to increase oil production for September amid the conflict in the Middle East. The seven participating countries have decided to apply an increase in production of 188,000 barrels per day, a volume similar to that in previous months, according to the Organization of Petroleum Exporting Countries (OPEC), without mentioning any pause in this cycle of growth. Analysts widely anticipated such a measure. The conflict in the Middle East has affected the production of countries in the Gulf, which were forced to reduce their extraction volumes due to the blockage in the Strait of Hormuz. Maritime traffic in the region saw a revival following the signing of the understanding memorandum between Iran and the US in June, which, according to OPEC data, led to an increase in production compared to May. However, the resumption of hostilities in the Middle East in July has caused a new decline in maritime traffic through the Strait of Hormuz and increased risks in the Red Sea, developments that are likely to lead to a decrease in the number of barrels produced.

Sursă consultată: Arabia Saudită, Rusia şi alţi cinci membri ai OPEC+ au decis o nouă majorare a producţiei de petrol - HotNews.ro — https://hotnews.ro/arabia-saudita-rusia-si-alti-cinci-membri-ai-opec-au-decis-o-noua-majorare-a-productiei-de-petrol-2315418