Opec and allies to boost oil output by slower pace than previous months

While fuel prices have been falling, they are still high and posing a political problem for him as inflation surges

Opec, led by Saudi Arabia, and its allies, led by Russia, said they will increase output to 100,000 barrels a day next month (Lisa Leutner/AP)

The Opec oil cartel and its allies have decided to boost production in September by a much slower pace than in previous months at a time of high oil prices and unstable energy supplies exacerbated by the war Russia has waged in Ukraine.

Opec, led by Saudi Arabia, and its allies, led by Russia, said they will increase output to 100,000 barrels a day next month after raising it by 648,000 barrels per day in July and August.