The Organization of the Oil Exporting Countries (OPEC+) confirmed its intention to gradually increase oil production starting in April. The decision to maintain the current production level was made during a group meeting of the member countries. It is important to note that the level of oil production will remain within the limits of the current agreement.
This decision reflects the member countries' commitment to support stability in the oil market. Since the beginning of the pandemic, global demand for oil has decreased, and OPEC+ anticipates taking steps to regulate the situation in the global energy market.
"We must remain flexible and ready for any new circumstances," emphasized one of the representatives of OPEC+. This confirms that the countries within the alliance are ready to adopt operational measures in case conditions change.
