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OPEC to Boost Daily Oil Output by 500,000 Barrels

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OPEC to Boost Daily Oil Output by 500,000 Barrels

Business

OPEC to Boost Daily Oil Output by 500,000 Barrels

OPEC to Boost Daily Oil Output by 500,000 Barrels

  • Download
  • <iframe src="https://www.npr.org/player/embed/4537020/4537021" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Organization of the Petroleum Exporting Countries, meeting in Iran, decides to boost production of crude oil by 500,000 barrels a day, beginning April 1. The cartel, which produces 40 percent of the world's oil, has been under pressure to pump more oil to help reduce high prices.