OPEC+ Delegates Expect Another Symbolic Supply Hike Without UAE

OPEC+ is likely to agree another symbolic production increase for June, in the group’s first move since the surprise departure of the United Arab Emirates, three delegates said.

By Grant Smith, Fiona MacDonald, Salma El Wardany · Bloomberg Markets

OPEC+ is likely to agree another symbolic production increase for June, in the group’s first move since the surprise departure of the United Arab Emirates, three delegates said.