OPEC discussing output increase of 1-2 million barrels
Unni Einemo
The Bunker Bulletin
Bloomberg reported today that Saudi Arabia is backing a move by
OPEC to raise official production quotas by as much as 2 million
barrel per day (bpd) to make up for the loss of Venezuelan oil.
However, other OPEC sources said ministers are still consulting
on how to respond if the price-band mechanism is triggered on
January
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