OPEC+ likely to agree to oil output quota hike of 188,000 BPD at June 7 meeting
OPEC+ is expected to agree on an oil output increase of 188,000 barrels per day during its meeting on June 7. Despite the increase, the disparity between production quotas and actual output remains significant. This will be the fourth consecutive adjustment to production targets following the UAE's exit from the group.
- ▪OPEC+ is set to discuss an increase of 188,000 barrels per day at its upcoming meeting.
- ▪The actual output of member countries has been significantly lower than their production quotas.
- ▪Saudi Arabia's quota increased to 10.291 million bpd, while its actual output was only 7.76 million bpd in March.
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| Original publisher | Crypto Briefing |
| Canonical URL | https://cryptobriefing.com/opec-oil-output-quota-hike-june/ |
| Publication time | Thu, 21 May 2026 16:55:39 +0000 |
| Retrieval time | 2026-05-21T17:01:35.261Z |
| Last seen | 2026-05-21T17:01:35.261Z |
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| Cluster | YI-3KWvQkc3X · 2 stories |
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OPEC+ likely to agree to oil output quota hike of 188,000 BPD at June 7 meeting The production increase sounds meaningful on paper, but the gap between quotas and actual output tells a very different story. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); OPEC+ is set to discuss another oil output increase of 188,000 barrels per day at its June 7 meeting.
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