Seven OPEC+ members are expected to agree a June oil output increase at a Sunday
meeting, adjusting quotas after the United Arab Emirates exited the group.
Sources told Reuters the planned hike will be slightly reduced to exclude the
UAE’s share, previously about 18,000 bpd. However, actual production gains may
be limited as several members face supply disruptions linked to the closure of
the Strait of Hormuz amid the US-Israel conflict with Iran.
