Dubai, United Arab Emirates (CNN) – Activists have been circulating on social media that OPEC + member states are using record time to reach an agreement on oil production rates at its meeting.
Video | The #OPEC + meeting lasted 11 minutes, 13 minutes before that .. Does this reflect the strength of the agreement and the alliance? #Hana_Riyadh https://t.co/rtAUvDxGDp
Activists aired a video clip on the state-run Saudi Al-Ekbariya channel in which the broadcaster touched on the moment and asked his guest: “What is the nature of relations and understandings between OPEC and non-OPEC countries? The meetings they hold under the umbrella of OPEC +, i.e. 11 minutes, are the only last meeting time. Even if such a decision is announced, 13 minutes in the last meeting?
Russia and all OPEC Plus allies agree on approved increase in short meeting (11 minutes) https://t.co/Sg1Ce3HFfB
The “OPEC Plus” alliance agreed to increase production to 648,000 barrels per day next Thursday and next August, more than expected.
Saudi Arabia manages the OPEC meeting very efficiently. The meeting lasted only 11 minutes. OPECSecretariat https://t.co/m9k3atMOK4
After earlier promising to increase production to 432,000 barrels a day in July and the following two months, the Coalition announced that it would begin pumping this additional volume from next month and increase the same amount in August.
“Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator.”