OPEC and allies agree to share oil production increase
June 24, 2018
VIENNA (AP) — OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil — a move that should help contain the recent rise in global energy prices.
Russia and other oil-producing allies said after their meeting in Vienna with OPEC countries they would endorse a nominal output increase of 1 million barrels crude oil per day.
The Organization of the Petroleum Exporting Countries said in a statement that both member and non-member oil producing countries "decided that co...
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