OPEC+ Boosts June Output by 188,000 bpd in First Meeting After UAE Exit

The OPEC+ has agreed to increase oil production by 188,000 barrels per day (bpd) in June, marking its first coordinated adjustment following the exit of the United Arab Emirates from the alliance, according to an official statement issued by OPEC. The increase will be distributed among key producers including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, […] The post OPEC+ Boosts June Output by 188,000 bpd in First Meeting After UAE Exit appeared first on The Middle East Observer.