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    Home > Chemicals Industry > Petrochemical News > Novak, Russia: OPEC is expected to stick to the agreement to increase production by 400,000 barrels per day at the November meeting

    Novak, Russia: OPEC is expected to stick to the agreement to increase production by 400,000 barrels per day at the November meeting

    • Last Update: 2021-11-01
    • Source: Internet
    • Author: User
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    According to foreign news on October 25, Russian Deputy Prime Minister Novak said on Monday that it is expected that at the November 4 meeting, OPEC will stick to the previously reached agreement to increase oil production by 400,000 barrels per day
    .


      Novak also said that he expects oil demand to reach the pre-epidemic level by the end of next year, but it is difficult to predict whether oil prices will reach historical highs like natural gas prices
    .


      Novak said: “Due to the uncertainty that still exists, the demand (for oil) may fall
    .
    We also see that another wave of epidemics is spreading globally
    .
    ” The

      Organization of Petroleum Exporting Countries (OPEC) and its allies headed by Russia The formed OPEC Group raised its oil production target by 400,000 barrels per day in September
    .

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