OPEC+ Raises Production Output By 188,000bpd Amid UAE Exit

Seven OPEC+ countries have voluntarily increased oil production by 188,000 barrels per day (bpd) starting in June 2026, marking their first meeting since the United Arab Emirates (UAE) exited the group on May 1, 2026. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 3, 2026, to review global oil market […]

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