RE:RE:"US sanctions mean " ??I guess someone ? was "BANG ON "
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OPEC ministers agree to raise oil production but don't say by how much
- OPEC ministers announced a deal on Friday that will increase oil supplies from the producer group.
- Producers agreed to start pumping more so that they are no longer overshooting the production limits they agreed to in November 2016.
- Analysts say the agreement is likely to add around 600,000 to 800,000 barrels a day to the market, helping to tame oil prices that have soared to multi-year highs recently.
quote=Bigdogmoney]I work in Saudi Arabia in oil & gas.. Saudi is the only OPEC country willing to increase production which they already have in May by 160,000 bpd..so just because there's a meeting don't mean sh#t Russia also has a say in OPEC decision and they want to hold the cap until end of the year..[/quote]