Bloomberg: OPEC increased the quota for oil production to 31.5 million barrels a day


VIENNA, 4 December. Organization of countries – exporters of oil (OPEC) during the 168 th session increased the quota for oil extraction by 1.5 million barrels per day to 31.5 million barrels/day. About it reports Bloomberg with reference to the OPEC delegate.

Thus according to the delegate, to increase the limit on oil production in the amount of 31.5 million barrels per day is not included mining Indonesia. Later, the Minister of oil of Iran Bijan Zanganeh Namgar denied this information. “Quota is still no decision,” said Sahane

At the previous OPEC meeting, which was held in June, the members of the cartel decided to keep production quotas oil unchanged at 30 million barrels per day, despite a sharp drop in world oil prices.

The price of Brent crude fell 1.7% to 43.1 $ /bbl, after rising 1.5% before the OPEC decision.

Analysts ‘ forecasts

As previously reported, on 4 December, the Ministers of petroleum and energy OPEC is carried out 168 th meeting. According to the analysts interviewed, the member countries of the OPEC, most likely, will not take decision on reducing oil production.

In addition, they called highly unlikely a sharp jump of the prices for oil following the meeting.

At the previous OPEC meeting, which was held in June, the members of the cartel decided to keep production quotas oil unchanged at 30 million barrels per day, despite a sharp drop in world oil prices.

In the part of OPEC includes 12 countries: Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador and Angola.