Business
OPEC and allies agree to boost crude oil output – Sydney Morning Herald
The group is restoring production that was slashed last year to support prices as demand sagged during the worst of the pandemic recession, which sapped demand…
The OPEC oil cartel and allied countries said that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July, moving cautiously in pace with the recovery of the global economy from the COVID-19 pandemic.
The group is restoring production that was slashed last year to support prices as demand sagged during the worst of the pandemic recession, which sapped demand for fuel. The group will add back 350,000 barrels per day in May, 350,000…
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