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UAE OPEC exit news

OPEC+ plans symbolic oil production increase

May 2, 2026 by Attia Naveed

A group of OPEC+ countries has agreed in principle to a small increase in oil production targets, according to sources familiar with the matter. The planned hike is about 188,000 barrels per day for June. The decision comes ahead of an upcoming virtual policy meeting. The agreement involves seven key members, including Saudi Arabia, Iraq, […]

Filed Under: Business Tagged With: global oil production hike, Latest, OPEC+ oil output 2026, Russia oil output cuts, Saudi Arabia oil policy, Strait of Hormuz disruption oil, UAE OPEC exit news

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