Reuters first to report OPEC+ agrees to oil output increase from February; market reacts - Reuters News Agency
EnergyEnvironment

Reuters first to report OPEC+ agrees to oil output increase from February; market reacts

Reuters was first to report on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, opted to stick with the existing policy of gradually adding 400,000 barrels of oil per month to global supply. Oil prices rose one percent after the first OPEC+ meeting of 2022, with producers basing their decision on indications that the Omicron coronavirus variant would have a short-lived impact on demand.

Market Impact

Oil prices rose one percent after the first OPEC+ meeting of 2022.



Article Tags
Topics of Interest: EnergyEnvironment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Global
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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