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Opec and Non-OPEC Members Agree Further Gradual Increase in Oil Production
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At the 25th OPEC and non-OPEC Ministerial Meeting (ONOMM), the oil-producing countries decided upon a gradual increase in oil production for March. Read about this and the other decisions made at the meeting.
OPEC decided on another gradual increase in oil production. / Picture: © Wikimedia Commons / DALIBRI / CC BY-SA (https://creativecommons.org/licenses/by-sa/3.0)
The Vienna-based Organization of Petroleum Exporting Countries (OPEC) recently held its 25th OPEC and non-OPEC Ministerial Meeting (ONOMM) via videoconference.
Following this meeting, the OPEC and participating non-OPEC oil-producing countries in the Declaration of Cooperation (DoC) announced that they had decided to do four things. …
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