{"id":5388,"date":"2021-10-01T11:09:15","date_gmt":"2021-10-01T09:09:15","guid":{"rendered":"https:\/\/www.kloepfel-magazin.com\/magazin2022\/?p=5388"},"modified":"2021-10-19T15:22:04","modified_gmt":"2021-10-19T13:22:04","slug":"opec-only-slight-expansion-of-oil-production","status":"publish","type":"post","link":"https:\/\/kloepfel-magazin.com\/en\/industry-news\/supply-chain\/opec-only-slight-expansion-of-oil-production-5388\/","title":{"rendered":"OPEC+: Only slight expansion of oil production"},"content":{"rendered":"

Decision on OPEC+ production quotas<\/h3>\n

The countries of OPEC+ will expand their oil production only moderately. To this end, the Organization of Petroleum Exporting Countries reached an agreement with other allies, which together with OPEC form the so-called OPEC+, on Monday.<\/p>\n

Increase in daily production by 400,000 barrels<\/h4>\n

The OPEC press release indicates that various decisions of previous meetings were confirmed at the 21st OPEC+ ministerial meeting, which was held via video conference.<\/p>\n

Now, accordingly, OPEC+ is scheduled to increase its oil production by 400,000 barrels per day in November. As Der Spiegel writes in its online edition on Monday, media and analysts had assumed a possible follow-up. Tageschau.de also comments on the decisions, mentioning in an article that OPEC is not expected to ease oil prices for the time being.<\/p>\n

Both Spiegel and Tagesschau.de note that oil prices have risen further because of the OPEC+ decision.<\/p>\n

OPEC+ plans to hold its next ministerial meeting on November 4, 2021.<\/p>\n

Source: www.kloepfel-consulting.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Decision on OPEC+ production quotas The countries of OPEC+ will expand their oil production only moderately. To this end, the Organization of Petroleum Exporting Countries reached an agreement with other allies, which together with OPEC form the so-called OPEC+, on Monday. Increase in daily production by 400,000 barrels The OPEC press release indicates that various<\/p>\n","protected":false},"author":2,"featured_media":4667,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":{"0":"post-5388","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-supply-chain"},"yoast_head":"\nOPEC+: Only slight expansion of oil production | Kloepfel Magazin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kloepfel-magazin.com\/en\/industry-news\/supply-chain\/opec-only-slight-expansion-of-oil-production-5388\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPEC+: Only slight expansion of oil production | Kloepfel Magazin\" \/>\n<meta property=\"og:description\" content=\"Decision on OPEC+ production quotas The countries of OPEC+ will expand their oil production only moderately. 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