WORLDMay 2 · 14:26 UTCBLOOMBERGSalma El Wardany, Grant Smith, Fiona MacDonald

OPEC+ Provisionally Agrees June Quota Increase, Delegate Says

OPEC+ provisionally agreed to increase oil production quotas in June, according to a delegate. The United Arab Emirates announced its exit from OPEC and its wider alliance, weakening the group and Saudi Arabia amid global oil supply disruptions caused by the Iran war.

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OPECorganizationOPEC+organizationUnited Arab EmiratesplaceSaudi ArabiaplaceIranplaceOrganization of the Petroleum Exporting CountriesorganizationIran wartopic

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