OPEC to increase production

OPEC has sought to cool the world oil price surge by ramping production by an extra 300,000 barrels a day.
The cartel announced at the weekend that its member states had lifted production to 30.4 million barrels a day over the past two weeks. The president of the Organisation of Petroleum Exporting Countries, Sheikh Ahmed Fahd Al Ahmed Al Sabah, said the market “had begun returning to normal”.
Heraldsun