Vienna: Opec decided to increase oil production to overcome rising demand, which Russia has also supported.

After the meeting in Vienna, Russian Minister for Energy Alexander Novak said that the deal would be necessary to save the supply from the Oppack and non-OPEEC countries without availing the supply duel.

Opposition countries decided to increase production from July in the meeting on Friday, but no statement was made in the statement issued after the meeting, Saudi Minister for Finance Khalid Al-Hikah said in a press conference that we have reached the result that 10 million barrels of extra production Required.
Remember that 24 OPEC and non-OPEC countries pledged to raise 1.8 million barrels of daily deduction in supply from January 2017 to control the oil deficit in the market to increase Oil Prices in November 2016, resulting in the rising prices Growth on which consumer countries like US Central expressed concern over high prices.

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