Advertisement

Oil output to increase to ease energy prices

The world's biggest oil producers have agreed to raise production slightly in a bid to help ease high prices.
 
Members of oil producers' group Opec+ - which includes Russia - today agreed to add 100,000 more barrels per day to the market from September.
 
The latest production output increase is at a much slower pace than in recent months.
 
The decision is a blow to leaders who had called for production to be ramped up.
 
Crude has consistently traded at more than $100 a barrel since February, driving up the cost of living in many countries.


comments powered by Disqus
More Stories
Most Popular
NCB Financial sees increase in net profit
Alleged 90's Gang leader captured during...