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Tag: opec oil output

OPEC+ agrees in principle on small oil output quota hike without UAE, sources say

Posted on May 2, 2026 By admin
OPEC+ agrees in principle on small oil output quota hike without UAE, sources say

The increase ⁠is similar to last month’s hike of 206,000 bpd minus the ​share of ‌the United Arab Emirates. OPEC logo for representation | Photo Credit: Reuters Seven OPEC+ countries have an agreement ​in principle to raise oil ‌output targets by about 188,000 ​barrels per day ⁠in June, pressing on with plans despite the departure…

Read More “OPEC+ agrees in principle on small oil output quota hike without UAE, sources say” »

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