OPEC+ has left the production build-up plan in place

OPEC+ decided at the end of yesterday's meeting to continue The OPEC+ decision at yesterday's meeting was to continue to increase production in accordance with the approved plan. Thus . This means it will be increased by 400,000 bpd in October. The plan to gradually increase production was approved at an earlier meeting of the alliance. The plan to gradually increase production was approved at an earlier meeting of the alliance, while at the last meeting it was decided to confirm it. last year's meeting of the alliance decided to go ahead with it. Last year, OPEC+ reduced oil production by 9.7 mln bpd on slumping demand. OPEC+ reduced its production by 9.7 million b/d last year due to a slump in oil demand caused by the spread of the coronavirus. This year, it agreed to a scheme to increase it monthly with the with the expectation of ending the reduction by next September. year. Oil prices reacted yesterday with a drop during the day prices yesterday with a decline of up to 1.5% during the day. By the end of the trading session it had slowed down, with the Brent was down 0.45%, trading at $71.31. declined by 0.32% to $68.28. Pressure on the quotes was also put The U.S. Department of Energy's data on U.S. inventories - in the week ended on August 27, they fell by $8.3, to $68.28. In the week ended August 27, they reached the lowest level in two years. The week ended on August 27, they reached the lowest level in 2 years, dropping by 7.2 million barrels.