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Azerbaijan to Support OPEC+ Plan to Raise Output by 400,000 B/d

  • It would be best option for market stability: energy minister
  • Cartel to meet Thursday amid calls for faster output increase

Photographer: Jeyhun Abdulla/Bloomberg

Azerbaijan said it will support a plan by OPEC+ producers to increase daily crude output by 400,000 barrels next month.

“We think it’d be the most optimal decision to maintain stability,” Energy Minister Parviz Shahbazov said in an interview in the capital, Baku. He said such an increase would help prevent market volatility.