OPEC+ increases production quotas without mentioning UAE withdrawal
Seven OPEC+ countries including Russia and Saudia Arabia have increased their oil production quotas, according to a statement published on the organisation website on Sunday.
Oil market analysts say the decision is aimed at projecting stability following the departure of the United Arab Emirates.
OPEC+ agrees symbolic output hike
- OPEC+ Hikes Oil Production Quotas without Mentioning UAE Pull-Out Kyiv Post —
- OPEC+ agrees third oil output quota hike since Hormuz closure The Globe and Mail —
- OPEC+ hikes oil production quotas but stays mum on UAE pull-out France 24 —
- OPEC+ raises crude oil's June output quotas, group signals continuity after UAE exit Times Of India —
- OPEC+ agrees on third oil output quota hike since Hormuz closure NY Post —