Home Ecuador OilMin: Saudi Arabia & Russia would like oil output increase by 1.5 mln bpd

Ecuador OilMin: Saudi Arabia & Russia would like oil output increase by 1.5 mln bpd

Published date: 18 Jun. 2018 | 21:21

Ecuador’s oil minister Carlos Perez crossed the wires in the last hour, stating that Russia and Saudi Arabia were looking to make a proposal to increase the crude oil production from OPEC and non-OPEC countries by 1.5 million bpd.

OPEC members and other oil producers will be meeting in Vienna later this week to discuss the oil supply.

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