
Egypt supports Saudi Arabia’s position in OPEC+’s decision to discipline oil market
Egypt is closely following closely with interest the echoes of the recent OPEC+ decision and the controversies it raised.
Egypt is closely following closely with interest the echoes of the recent OPEC+ decision and the controversies it raised.
The oil alliance decided to increase production by 100,000 barrels per day (bpd) for September, according to an OPEC statement released after the 31st OPEC and non-OPEC Ministerial Meeting.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Wednesday announced a slight production boost in September despite calls for speedier increases to rein in high crude prices. The oil alliance decided to increase production by 100,000 barrels per day (bpd) for September, according to an OPEC …