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The statement said that OPEC decided at its Sunday meeting to maintain its organizational oil production policy unchanged.
2026-06-07
The statement said that OPEC decided at its Sunday meeting to maintain its organizational oil production policy unchanged.
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2026-06-07
CNBC, citing three OPEC+ sources, says despite the US‑Iran conflict limiting some members’ ability to boost output, OPEC+ is likely to agree on Sunday to raise its production target by about 188,000 bpd from July — a fourth increase in as many months
CNBC, citing three OPEC+ sources, says despite the US‑Iran conflict limiting some members’ ability to boost output, OPEC+ is likely to agree on Sunday to raise its production target by about 188,000 bpd from July — a fourth increase in as many months and the same lift as June. Seven core members raised quotas by nearly 600,000 bpd for Apr‑Jun, but Gulf export cuts have pushed actual output sharply lower: OPEC data shows April average output at 33.19 mln bpd versus 42.77mlnbpd in February.
2026-06-07
IATA cuts its 2026 global airline profit forecast to $23 billion from $41 billion, citing disruption from the Iran war and higher fuel costs.
IATA cuts its 2026 global airline profit forecast to $23 billion from $41 billion, citing disruption from the Iran war and higher fuel costs.
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