OPEC, allies agree to share increased oil production


Associated Press

VIENNA

OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil – a move that should help contain the recent rise in global energy prices.

Russia and other oil-producing allies said after their meeting in Vienna with OPEC countries they would endorse a nominal output increase of 1 million barrels crude oil per day.

An OPEC statement did not say how exactly the production increase would be split between OPEC and non-OPEC nations.

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