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OPEC agrees nominal output rise of 1 million bpd from July

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil production by around one million barrels per day (bpd), or 1 percent of global supply, from next month, the oil minister of the body’s kingpin Saudi Arabia says. According to Press TV, Khaled al-Faleh said after the 174th meeting of the OPEC conference in Vienna, Austria, on Friday “I am pleased that at the end of the day we reconciled around the one million figure that we have been talking [...]

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