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In spite of OPEC+'s "disappointing decision" to decrease output, G7 finance ministers and central bank governors urged oil-producing nations to expand production and indicated their willingness to cooperate with the cartel in the future.
"We continue to encourage oil-producing nations to raise output To lessen the turbulence in the energy markets. Despite their recent unfortunate decision, we will continue to work with OPEC+ countries on this crucial subject," reads the declaration.
At their first face-to-face meeting since the epidemic started in 2020, the oil-producing nations of the OPEC+ coalition decided last week to cut output by 2 million bpd beginning in November, extending the agreement through the end of 2023.
source: reuters.com
"We continue to encourage oil-producing nations to raise output To lessen the turbulence in the energy markets. Despite their recent unfortunate decision, we will continue to work with OPEC+ countries on this crucial subject," reads the declaration.
At their first face-to-face meeting since the epidemic started in 2020, the oil-producing nations of the OPEC+ coalition decided last week to cut output by 2 million bpd beginning in November, extending the agreement through the end of 2023.
source: reuters.com
