OPEC countries + At the end of the meeting, on December 2, agreed to increase oil production in January at 400 thousand barrels per day, reports TASS.
In the framework of the agreement, Russia and Saudi Arabia will be able to increase production by 109 thousand barrels per day each. The next meeting of OPEC countries will take place on January 4, 2022.
Analysts assumed that OPEC + will refuse these plans due to the emergence of a new Omicron-strain of coronavirus, the spread of which can negatively affect the development of the global economy and lead to a decrease in oil consumption. The organization reported that they continue to closely monitor the development of the pandemic and adjustments would be adjusted if necessary.
Oil quotes reacted with a decline before declaring official results, since information on OPEC plans + hit the media. Brent dropped below $ 66 per barrel for the first time since August 19, WTI fell to 62.48 dollars.