{"id":1502379,"date":"2022-06-03T11:05:13","date_gmt":"2022-06-03T15:05:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1502379"},"modified":"2022-06-03T11:05:20","modified_gmt":"2022-06-03T15:05:20","slug":"opec-russia-agree-to-increase-oil-output-by-650k-bpd","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/opec-russia-agree-to-increase-oil-output-by-650k-bpd\/","title":{"rendered":"OPEC+, Russia agree to increase oil output by 650k BPD"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fopec-russia-agree-to-increase-oil-output-by-650k-bpd%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1502379&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2721252\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2721252\" class=\"wp-caption-text\">FILE \u2013 Fuel trucks line up in front of storage tanks at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, on March 21, 2021. The OPEC oil cartel and allied countries including major exporter Russia are weighing how much oil to send to the world economy as U.S. gas prices hit another record high. Thursday\u2019s meeting comes amid speculation that the 23-member alliance, known as OPEC+, may considered breaking from its cautious series of increases and agree to pump more oil amid fears that high energy prices could slow the global economy. (AP Photo\/Amr Nabil, File)<\/p>\n<\/div>\n<h5>OAN NEWSROOM<br \/>UPDATED 7:35 AM PT \u2013 Friday, June 3, 2022<\/h5>\n<p>OPEC and Russia have agreed to increase oil production amid an ongoing rise in global energy prices. During a meeting on Thursday, OPEC+ agreed to add 650,000 barrels per day to their current output quotas.<\/p>\n<p>The increase in production is almost 50 percent more than expected as oil producing nations are raking in record profits. OPEC+ includes Saudi Arabia, Russia and more than 30 other oil producing nations.<\/p>\n<p>The decision comes as Russia is diverting its oil exports to Asian markets amid US-led sanctions and a 50 percent rise in Moscow\u2019s export revenues.<\/p>\n<blockquote>\n<p><strong>\u201cAnd yet keep the group together, including keeping the Russians on his side because essentially he is bringing forward the deal\u2026it\u2019s slightly more production,\u201d expalined Amrita Sen, Director of Research at Energy Aspects. \u201c\u2026the volumes actually going to hit the market are going to be very, very minimal.\u201d<\/strong><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The 29th OPEC and non-OPEC Ministerial Meeting (<a href=\"https:\/\/twitter.com\/hashtag\/ONOMM?src=hash&#038;ref_src=twsrc%5Etfw\">#ONOMM<\/a>) under chairmanship of KSA \ud83c\uddf8\ud83c\udde6Energy Minister HRH Prince Abdul Aziz Bin Salman and Russian \ud83c\uddf7\ud83c\uddfa DPM A.<a href=\"https:\/\/twitter.com\/hashtag\/Novak?src=hash&#038;ref_src=twsrc%5Etfw\">#Novak<\/a> confirmed the decision to adjust upward the monthly overall production by 0.648 mb\/d for the month of July 2022. <a href=\"https:\/\/t.co\/pgF68W2CZa\">pic.twitter.com\/pgF68W2CZa<\/a><\/p>\n<p>\u2014 Russian Mission Vienna (@mission_rf) <a href=\"https:\/\/twitter.com\/mission_rf\/status\/1532360283301232641?ref_src=twsrc%5Etfw\">June 2, 2022<\/a><\/p>\n<\/blockquote>\n<p>Russian and Saudi officials said after the meeting that their latest decision reflects the best interests of both countries and their cooperation will continue.<\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/legal-expert-we-cant-discount-clinton-lawyer-sussmann-had-favorable-jury\/\">Legal Expert: \u2018We Can\u2019t Discount Clinton Lawyer Sussmann Had Favorable Jury\u2019<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>FILE \u2013 Fuel trucks line up in front of storage tanks at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, on March 21, 2021. The<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1502379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1502379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1502379"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1502379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1502379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1502379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1502379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}