OPEC To Increase Oil Output By 188,000BPD In June
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The Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, have agreed to increase oil output by 188,000 barrels per day in June.
The development was conveyed in a statement by the group on Sunday, as it pushes on with production in the first meeting since the loss of its key member, the United Arab Emirates (UAE). The figure excluded the UAE’s share of output, which officially departed OPEC on May 1.
June’s production is slightly less than May’s output hike of 206,0
The Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, have agreed to increase oil output by 188,000 barrels per day in June.
The development was conveyed in a statement by the group on Sunday, as it pushes on with production in the first meeting since the loss of its key member, the United Arab Emirates (UAE). The figure excluded the UAE’s share of output, which officially departed OPEC on May 1.
June’s production is slightly less than May’s output hike of 206,0
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