OPEC agrees to lift production of oil by 800,000 barrels a day

Article Abstract:

OPEC officials agree to increase crude oil output, but fear a greater increase in production would cause a market glut.

Production data, Crude Petroleum, Statistical Data Included, Illustration

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OPEC may boost output if price of oil stays high: planned production cut looks like miscalculation amid robust demand

Article Abstract:

OPEC may raise oil output quotas provided that petroleum prices remain high during the next two weeks. Demand has remained unusually high this season, prompting questions about OPEC's forecasting practices.

Strategy & planning, Market information - general, Planning, Supply and demand, Company business planning

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OPEC is likely to lift oil-production ceiling: impact may be minimal as the cartel's capacity to pump more is limited

Article Abstract:

OPEC is expected to approve an 11% increase in its oil production quota to keep rising prices in check, but the announcement is not expected to have much of an effect, as it merely legitimizes the actual production level at which OPEC members have been operating.

Petroleum refining, Capacity

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