OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil minister of the cartel's kingpin Saudi Arabia said today.
"I am pleased that at the end of the day we reconciled around the one million figure that we have been talking about," said Khaled al-Faleh after a meeting of the Organisation of the Petroleum Exporting Countries, adding that support for the increase, which had been proposed by Saudi Arabia against objections from Iran, was unanimous.
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