OPEC+ agrees on planned January oil output increase

(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.

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OPEC+ agrees on planned January oil output increase

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