OPEC+ likely to raise June output by 432,000 bpd at next meet, sources say

OPEC+ is likely to stick to its existing deal and agree another 432,000 barrel per day oil output increase for June when it meets on May 5, six sources from the producer group told Reuters on Thursday.

The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, collectively known as OPEC+, have been unwinding record output cuts in place since the COVID-19 pandemic took hold in 2020.

To know more: https://english.alarabiya.net/business/energy/2022/04/28/OPEC-likely-to-raise-June-output-by-432-000-bpd-at-next-meet-sources-say