Dubai, United Arab Emirates (CNN) – Activists on social media circulated reports that dealt with the record time taken by the member states of the OPEC + group to reach an agreement on the rate of oil production at its meeting, Thursday, which sparked an interaction regarding the implications of this.
Video | The #OPEC + meeting lasted 11 minutes, and 13 minutes before that..Does this reflect the strength of the agreement and the alliance? #Hana_Riyadh https://t.co/rtAUvDxGDp
Activists circulated a video clip on the state-run Saudi Al-Ekhbariya channel, in which the broadcaster touched on the time period, asking his guest, saying: “What is the nature of relations and understandings between OPEC and non-OPEC countries in these meetings that they hold under the umbrella of OPEC +, meaning 11 minutes, the last meeting is only the time.” Enough to issue such a decision and 13 minutes in the last meeting? How are these understandings going?
Russia and all the countries of the OPEC Plus alliance agree on the increase approved in the short meeting (11 minutes) https://t.co/Sg1Ce3HFfB
The “OPEC Plus” alliance had agreed to increase production by more than expected, Thursday, to be an increase of 648,000 barrels per day in next July and the same in August.
The Kingdom of Saudi Arabia is managing very cleverly the OPEC meeting. The meeting lasted only 11 minutes. @OPECSecretariat https://t.co/m9k3atMOK4
The coalition announced that it will start pumping this additional quantity starting next month and will increase it by the same amount in August, following it had previously pledged to increase production by 432,000 barrels per day in July and the two months that follow.
