Opec and its allies on Thursday agreed to accelerate oil production in July and August, as the cartel’s linchpin Saudi Arabia bowed to US pressure to cool a crude price rally that has threatened to stall the global economy.
The cartel said it would increase output by almost 650,000 barrels a day in both months, up from planned increases of around 400,000 b/d.
The move came just days after the EU agreed to impose a ban on Russian oil imports, deepening fears of global energy shortages as Moscow’s invasion of Ukraine continues to rattle markets.
您已阅读14%（547字），剩余86%（3277字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。