OPEC+ to boost output by 206K bpd in April

 The Organization of the Petroleum Exporting Countries and its partners (OPEC+) are holding a meeting on Sunday, during which it is expected that the April crude production will be increased by 206,000 barrels per day (bpd), energy journalist Amena Bakr reported.

The meeting comes as chaos consumes the Middle East. Earlier, the United States and Israel conducted joint attacks against Iran, which led the latter to retaliate, targeting various countries in the region that host US military bases and other assets.

After the meeting, OPEC+ released an official statement, confirming the report and detailing that eight countries will be hiking their oil output in April, including Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman.

https://breakingthenews.net/Article/OPEC+-to-boost-output-by-206K-bpd-in-April/65769502