Energy

Some OPEC+ Countries Agree to Increase Oil Production

Eight countries decided to further increase their daily oil production by 547,000 barrels per day.
Google LogoMark Us Preferred on Google
Some OPEC+ Countries Agree to Increase Oil Production
Oil pump jacks in California on Oct. 5, 2022. ROBYN BECK/AFP via Getty Images
T.J. Muscaro
|Updated:
0:00

Several oil-exporting countries that are members of the OPEC+ alliance agreed to boost oil production on Aug. 3.

Meeting virtually, eight countries opted to increase their oil production by 547,000 barrels per day starting in September, citing low oil inventories and a steady global economic outlook. Those countries include Saudi Arabia, Russia, the United Arab Emirates, Iraq, Kuwait, Algeria, Kazakhstan, and Oman.

Google LogoMark Us Preferred on Google
T.J. Muscaro
T.J. Muscaro
Author
T.J. Muscaro is an award-winning reporter and NASA Correspondent for The Epoch Times, covering the Artemis program, Space Force, and other public and private ambitions within the growing space industry. Based in Tampa, Florida, he also covers stories of extreme weather and disaster relief, as well as various matters of national and international politics.