Alva Review-Courier -

OPEC and allies agree to share oil production increase

 


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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