OPEC+ Increases Production by 206K bpd

OPEC+ agreed to increase daily oil production by 206,000 barrels starting May 2026. Eight countries including Saudi Arabia and Russia expressed concerns about attacks on energy infrastructure.

OPEC+ Boosts Oil Output Amid Hormuz Closure

OPEC+ agreed to raise oil output by 206,000 bpd for May, a largely symbolic increase as key Gulf members cannot boost production due to Strait of Hormuz closure from US-Israeli-Iran conflict.

OPEC+ Maintains Oil Production Increase Pace

Eight OPEC+ countries raised oil production quotas by 206,000 barrels per day for May, with Russia's quota increasing by 62,000 b/d. Hormuz Strait difficulties prevent immediate supply increases.