(VOVWORLD) - OPEC and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves and the new Omicron coronavirus variant will lead to a fresh oil price drop.
 (Illustrative photo: Reuters) |
Under the agreement, the 23 members of OPEC+ will increase the total output of crude oil by 400,000 bpd in January of next year.