OPEC+ Increases Production Quota to Signal Stability After UAE Exit

Israel

Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates. The seven major producers will add “188,000 barrels per day” to their total production quota for June, as part of “their collective commitment to support oil market stability,” according to a statement published by OPEC+. The statement made no mention of the United Arab

OPEC+ Increases Production Quota to Signal Stability After UAE Exit https://www.kyivpost.com - 03.05.2026 15:15

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OPEC+ Increases Production Quota to Signal Stability After UAE Exit https://www.kyivpost.com - 03.05.2026 15:15