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    Home > Chemicals Industry > International Chemical > IEA again urges OPEC+ to increase production

    IEA again urges OPEC+ to increase production

    • Last Update: 2022-04-15
    • Source: Internet
    • Author: User
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    OPEC+ needs to close the gap between its oil output target and actual output, International Energy Agency (IEA) President Birol told a meeting in Riyadh on February 17, urging crude output to be less than OPEC+ members at quota levels need to increase production to balance the oil market


    Birol said: "There is a significant difference between the production targets set by OPEC+ countries and the current production


    However, the energy minister of the United Arab Emirates, who attended the meeting at the same time, said that it is the tension between Russia and the West that is driving the current rise in oil prices, not oil shortages




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