OPEC+ Adjusts Oil Output by 188,000 Bpd, Russia Gets Biggest Boost

WorldGet the latest news from around the world, live coverage, off-beat stories, features and analysis.

Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

https://sputnikglobe.com/20260503/opec-adjusts-oil-output-by-188000-bpd-russia-gets-biggest-boost-1124077078.htmlOPEC+ Adjusts Oil Output by 188,000 Bpd, Russia Gets Biggest BoostOPEC+ Adjusts Oil Output by 188,000 Bpd, Russia Gets Biggest BoostSputnik InternationalSeven OPEC+ countries - Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman - decided to raise production by 188,000 barrels per day in June, compared to May.2026-05-03T13:17+00002026-05-03T13:17+00002026-05-03T13:17+0000worldsaudi arabiarussiaopeckuwaitomaniraqhttps://cdn1.img.sputnikglobe.com/img/07e7/08/0f/1112614624_0:73:3050:1788_1920x0_80_0_0_4337ab083af350e13646a45edae6e32a.jpgKey adjustments: Saudi Arabia's increase is mostly "paper" - the kingdom was forced to cut actual production by 23% in March (to 7.8 million bpd) due to shipping constraints in the Strait of Hormuz. The UAE is no longer part of this decision after officially leaving OPEC and OPEC+ on May 1. The next meeting of the seven OPEC+ countries (Russia, Saudi Arabia, Iraq, Algeria, Kuwait, Kazakhstan, and Oman) will be held on June 7, the OPEC said following Sunday's meeting.https://sputnikglobe.com/20260428/saudi-rift-iran-war-and-hormuz-trap-factors-that-may-have-pushed-uae-to-quit-opec-1124057303.htmlsaudi arabiarussiakuwaitomaniraqSputnik [email protected]+74956456601MIA „Rossiya Segodnya“252602026Sputnik [email protected]+74956456601MIA „Rossiya Segodnya“25260Newsen_ENSputnik [email protected]+74956456601MIA „Rossiya Segodnya“2526019201080true19201440truehttps://cdn1.img.sputnikglobe.com/img/07e7/08/0f/1112614624_143:0:2874:2048_1920x0_80_0_0_59ca556d9d4ed28a8c96a07b41f0d0ce.jpg19201920trueSputnik [email protected]+74956456601MIA „Rossiya Segodnya“25260Sputnik Internationalsaudi arabia, russia, opec, kuwait, oman, iraqsaudi arabia, russia, opec, kuwait, oman, iraq

https://sputnikglobe.com/20260503/opec-adjusts-oil-output-by-188000-bpd-russia-gets-biggest-boost-1124077078.html

OPEC+ Adjusts Oil Output by 188,000 Bpd, Russia Gets Biggest Boost

Seven OPEC+ countries - Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman - decided to raise production by 188,000 barrels per day in June, compared to May.

https://cdn1.img.sputnikglobe.com/img/07e7/08/0f/1112614624_0:73:3050:1788_1920x0_80_0_0_4337ab083af350e13646a45edae6e32a.jpg

Key adjustments: Saudi Arabia's increase is mostly "paper" - the kingdom was forced to cut actual production by 23% in March (to 7.8 million bpd) due to shipping constraints in the Strait of Hormuz. The UAE is no longer part of this decision after officially leaving OPEC and OPEC+ on May 1. The next meeting of the seven OPEC+ countries (Russia, Saudi Arabia, Iraq, Algeria, Kuwait, Kazakhstan, and Oman) will be held on June 7, the OPEC said following Sunday's meeting.

https://sputnikglobe.com/20260428/saudi-rift-iran-war-and-hormuz-trap-factors-that-may-have-pushed-uae-to-quit-opec-1124057303.html

Sputnik [email protected]+74956456601MIA „Rossiya Segodnya“25260

Source: Sputnik News - World News, Breaking News & Top Storie