(MENAFN- Kuwait News Agency (KUNA)) VIENNA, Sept 26 (KUNA) -- The price of OPEC basket of crudes went down USD 2.84 to USD 92.67 per barrel (pb) on Friday, from USD 95.51 pb Friday, the OPEC Secretariat said on Monday.
The overall annual average in 2021 was USD 69.89 pb, the organization's bulletin added.
On August 3, the OPEC+ energy ministers agreed to boost the oil output by 100,000 barrels per day (bpd) by September in addition to the 648,000 bpd increase decided last month.
The latest decision came at the end of the 31st ministerial meeting of the 13 members and 10 partners of OPEC.
In its latest report, the organization forecasted an increase in demand next year by around 2.7 million barrels per day to reach a total of 103 million barrels, compared to the 100.3 million barrels of this current year. (end)
amg.aa
MENAFN26092022000071011013ID1104924556
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.