mideast-war
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Our World in Data / Wikimedia (CC BY 4.0)OPEC+ Members Meet on Oil Production Quotas After UAE Exit
Seven OPEC+ members are set to meet on Sunday for their first decision on oil-production quotas since the United Arab Emirates left the cartel. The UAE's departure, as a longtime member, has contributed to soaring oil price pressures amid the Mideast war. Talks this weekend aim t…
247wallst.comOPEC+ Raises June Oil Quotas by 188,000 Barrels Per Day After UAE Exit
OPEC+ raised oil production quotas for June by 188,000 barrels per day during an online meeting, involving seven key members but excluding the United Arab Emirates after its recent exit. The decision comes against a backdrop of output shortfalls and disruptions from the Mideast w…
Jan Lievens / Wikimedia (Public domain)OPEC+ Raises June Oil Quotas by 188,000 Barrels per Day; UAE Exits Group
Seven OPEC+ members have reached an agreement in principle to increase oil output quotas for June by about 188,000 barrels per day, ahead of their Sunday meeting. The decision follows the United Arab Emirates' recent withdrawal from the group. Analysts note the move aligns with p…