⭕️ OPEC+, now reduced to seven core members after the UAE’s exit, has provisionally agreed to a modest June output increase of 188,000 barrels per day, adjusted to exclude Abu Dhabi’s share, in a move largely seen as symbolic amid…

 ⭕️ OPEC+, now reduced to seven core members after the UAE’s exit, has provisionally agreed to a modest June output increase of 188,000 barrels per day, adjusted to exclude Abu Dhabi’s share, in a move largely seen as symbolic amid disrupted oil flows due to the US-Israeli war on Iran.

The decision, expected to be finalized during Sunday’s meeting, aims to project continuity and maintain a business-as-usual image despite internal fractures, following years of tension between the UAE and Saudi Arabia over production capacity.

(Bloomberg)