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110 new news items in the last 24 hours
  1. Home
  2. Economie

OPEC+ will increase oil production by 188,000 barrels per day starting in June, following a videoconference. The seven participating countries are monitoring market conditions.

Lara Maior
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4 May 2026, 06:26
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Representatives of seven major oil producers within OPEC+ have announced an increase in production by 188,000 barrels per day starting from June, according to a statement released after a videoconference. This voluntary adjustment adds to a previous increase of 206,000 bpd, reaffirming OPEC+'s commitment to market stability. The seven participating countries, including Saudi Arabia and Russia, will continue to monitor market conditions. However, the increase is theoretical, considering the blockages in the Strait of Hormuz, where conflicts between Iran and the USA are taking place. This is the third consecutive increase in production this year, and the next OPEC+ meeting will take place on June 7. Additionally, oil prices have reached their highest levels in the last four years, and analysts are concerned about possible supply cuts that could affect global inflation.

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Economedia
OPEC+ crește producţia de petrol cu 188.000 de barili pe zi începând din iunie
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Mediafax
OPEC+ majorează producția de petrol, în contextul tensiunilor generate de blocarea Strâmtorii Ormuz

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NEWS ON THE SAME TOPICS

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Economy
The prices of oil have dropped on Monday, after OPEC+ decided to increase production by 188,000 bpd starting in August. Exports from the Gulf are recovering.
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OPEC expects a smaller impact on oil consumption and forecasts a recovery in demand by the end of the year
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OPEC rejects the IEA forecast regarding the oil surplus in 2027
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OMV reports a decrease in hydrocarbon production, but an increase in profit.
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International
The oil shock, far from being resolved by the US-Iran agreement. Analysts warn that the volatility of oil prices will continue.
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The price of oil rose on Tuesday, fueled by the intensification of conflicts in the Middle East and fears regarding global supply.
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OPEC+ increased production Strait of Hormuz

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