Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.The seven major producers will add 188,000 barrels per day to their total production quota for June amid the price pressure unleashed by the Mideast war, as part of "their collective commitment to support oil market stability", according to a statement published by OPEC+.
OPEC+ hikes oil production quotas but stays mum on UAE pull-out
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Tue 06:18 - The Guardian
UAE quits Opec in ‘pivotal moment’ for oil producing group – as it happened - The Guardian
Wed 00:58 - AP News
United Arab Emirates says it will exit OPEC, while US-Iran negotiations stall - AP News
Thu 09:55 - The Economist
The UAE doubles down on Israel and America - The Economist
Thu 10:50 - Nikkei Asia
UAE's exit from OPEC seen increasing oil supplies for Japan, China - Nikkei Asia
Thu 10:56 - Le Monde.fr
UAE withdrawal from OPEC signals defiance toward Saudi Arabia - Le Monde.fr
Fri 10:07 - Washington Examiner
In abandoning OPEC for the free market, UAE sees Iran writing on the wall - Washington Examiner
Fri 18:48 - Reuters
Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit - Reuters
Sat 09:46 - Fortune
One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC - Fortune
Sun 03:30 - Al-Monitor
OPEC+ to make first post-UAE production decision
Sun 06:00 - Middle East Eye
OPEC+ meets to set quotas after UAE exit
Sun 12:13 - France 24
OPEC+ raises oil output quotas for 'stability' after shock UAE pull-out
Sun 12:30 - Al-Monitor
OPEC+ hikes oil production quotas but stays mum on UAE pull-out
Sun 12:59 - Al Jazeera English
OPEC+ announces symbolic oil output rise during Strait of Hormuz closure