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Kazakhstan confirms OPEC+ agrees on oil output rise by 0.5 million bpd in Jan

12/03/2020 | 01:53pm EST
A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture

MOSCOW (Reuters) - The OPEC+ group of leading oil producers has agreed to raise its oil output by 500,000 barrels per day (bpd) in January, the Energy Ministry of Kazakhstan said in a statement.

It also said that OPEC+ has agreed to meet each month starting from January to decide its policy.

(Reporting by Tamara Vaal; writing by Vladimir Soldatkin; editing by Susan Fenton)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.43% 56.16 Delayed Quote.8.61%
WTI 0.40% 53.05 Delayed Quote.10.00%
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