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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…
Dietmar Rabich / Wikimedia (CC BY-SA 4.0)OPEC+ Group of Seven Agrees to June Oil Output Increase of 188,000 Barrels Per Day
OPEC+ agreed to increase oil production targets by 188,000 barrels per day for June in its first meeting without the United Arab Emirates, which departed the group last week. The decision comes amid the ongoing U.S.-Israel war on Iran, which has closed the Strait of Hormuz since…