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OPEC+ discussing a production increase of 400K barrels per day

Forexlive | Forex News, Technical Analysis & Trading Tools · last updated

OPEC+ reportedly discussing a June production increase of approximately 400,000 barrels per day (BPD) according to Bloomberg delegates.

  • The group has moved its meeting forward to May 3 (originally May 5) to discuss June output plans, per Reuters.

  • Market expectations suggest OPEC+ will continue adding supply in June, with a consensus forming around a 411k BPD increase.

  • The planned increase maintains the accelerated pace of additions, according to Amena Bakr.

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