OPEC+ hikes oil production quotas but stays mum on UAE pull-out
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.
OPEC+ agrees symbolic output hike
- OPEC+ increases production quotas without mentioning UAE withdrawal France 24 —
- 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+ 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 —