Top oil producers stick with modest output boost despite pressure
Top oil producers stick with modest output boost despite pressure
LONDON — Major oil producers on Thursday agreed to continue raising output moderately despite pressure from the United States and other big consumer nations to open up the taps much more decisively amid soaring prices.
The 13 members of the OrganiSation of Petroleum Exporting Countries (OPEC) and their 10 allies said in a statement that they reconfirmed "the decision to adjust upward the monthly overall production by 0.4 [million barrels per day] for the month of December 2021".
The powerful producers led by Saudi Arabia and Russia in the so-called OPEC+ grouping gathered for less than two hours in their regular monthly meeting via videoconference.
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