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The draft of the final communiqué of the meeting of “OPEC” countries and their allies, which took place hypothetically yesterday, drew attention to the agreement of the “OPEC +” group to increase its oil production by 75 thousand barrels per day next February, and the same in March, as long as April production levels are decided at the next group meeting. According to “Reuters”.
The statement indicated that the meeting of the Joint Ministerial Monitoring Committee will be on February 3, while the next expanded meeting of the group will be held on March 4.
He indicated that Russia will increase its production by 65 thousand barrels per day in February, and the same in March, while the Minister of Energy of Kazakhstan said that his country will increase its production by 10 thousand barrels per day in February, and the same in March. .
For its part, Saudi Arabia will maintain its oil production level for the next two months at 9,119 million barrels a day, according to the agreement.
On the other hand, the price of a barrel of Kuwaiti oil rose $ 2.11 to reach $ 52.75 in Monday’s price, compared to $ 50.64 in last Thursday’s price, according to the price announced by Petroleum Corporation. .
In global markets, oil prices rose by nearly a dollar yesterday, as Brent crude futures for March delivery rose 96 cents to $ 52.05 a barrel, while US West Texas Intermediate crude fell. delivery in February reached 48.53 dollars a barrel, 91 cents more.
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