FRANKFURT, Germany — OPEC and allied countries including Russia agreed on Dec. 3 to increase oil production by 500,000 barrels a day from January and will meet monthly to assess the situation, gingerly adding more crude to a market still suffering from the COVID-19 pandemic.
Associated Press: OPEC, Russia agree to nudge up oil production from January
OPEC logo is seen at the OPEC headquarters in Vienna on May 24, 2017, on the eve of the Organization of the Petroleum Exporting Countries (OPEC) meeting.
