Salem Radio Network News Saturday, January 22, 2022

Business

OPEC+ expected to proceed with production increase in Feb, sources say

LONDON (Reuters) – OPEC+ is expected to go ahead with a planned 400,000 barrel per day (bpd) oil production increase in February at its next meeting, three sources from the producer group told Reuters on Monday.

The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, together known as OPEC+, meet on Tuesday to set policy.

(Reporting by Ahmad Ghaddar and Alex Lawler; Editing by David Goodman)

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Bob Gorrell
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