OPEC+ Agrees in Principle on Small Output Hike, Reuters Reports
The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna.
Photographer: Andrey Rudakov/BloombergSeven members of OPEC+ have reached an agreement in principle to raise oil output targets by around 188,000 barrels per day in June, Reuters reported Saturday, citing unnamed sources.
The lift in output would be similar to April’s hike of 206,000 barrels per day, minus the share of the UAE.