OPEC leadership pillar lean towards step by step oil production expansion

Oil and Gas backbone exporting countries like Saudi Arabia, Iran, Russia e.t.c, have endorsed the decision of the Organization of Petroleum Exporting countries of its policy of a step by step unfold of oil production among member states.

This comes after the speedy increase witnessed recently in crude oil, totaling over $80 a barrel, a welcoming discovery in the volatility of oil and gas prices. They are of the opinion that OPEC countries should adopt a gradual increase in oil production in spite of the pressure from many traders that oil production should move even more faster.

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