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The price of the international crude oil market rose above the $80 mark per barrel

 Last Update: 2023-03-16
 Source: Internet
 Author: User

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OPEC and Russia and other non-OPEC oil producers reached an agreement on the 4th: the oil production policy remains unchanged
.
International oil prices rose about 2% on the day, breaking through the $80 mark
per barrel.

According to the "Middle East" report, OPEC and non-OPEC oil producers have repeatedly discussed and negotiated on the impact of the new crown epidemic on the international crude oil market and the relationship between supply and demand since the meeting on December 2 last year, and finally reached a consensus on the unchanged crude oil production policy on the 4th, and decided to continue to increase production by 400,000 barrels
per day according to the original plan in February 。 According to the report, after the meeting, the international crude oil market rose on the 4th, Brent crude oil rose about 2%, up $1.
50 per barrel, to $80.
48 per barrel; the United States West Texas Intermediate crude oil rose $1.
48, also rose about 2%, to $77.
56 per barrel
.

OPEC and non-OPEC producers are discussing canceling a 10 million barrel-per-day agreement
reached in 2020 to cut production as international demand for crude oil and prices have recovered from the recession caused by the pandemic.

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