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How much capacity does OPEC+ have to increase oil production?

The International Energy Agency announced that based on the assessments made in September, the OPEC+ group of countries has the capacity to increase oil production by more than 5 million barrels per day.

reported by Mehr reporter quoted Tass, the International energy agency announced that the member countries of the OPEC+ group, which includes members of the Organization of Petroleum Exporting Countries and Some major oil producing countries, including Russia, in September had a total production capacity of more than 5 million barrels per day .

In the report of this institution, which was published for October, of course, the capacity to increase the production of Iran, Russia, and Libya is not considered, and according to the report of the agency, between International The energy figure of spare capacity to increase the production of OPEC+ countries is now at its highest historical level.

This international organization announced that the supply of oil to the world market in September decreased by 640,000 barrels per day. and has reached 102.8 million barrels per day.

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
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