Seven leading OPEC+ countries are expected to agree on increasing oil production quotas in July by 188,000 barrels per day compared to June levels, Reuters reports, citing sources.
This is the same as the June hike, which was adjusted down from monthly increases of 206,000 bpd in May and April to take into account the UAE exit, the report added.
However, sources emphasized that no final decision has yet been taken.
The outlet also said that no broader changes to OPEC+ production policy are expected during the upcoming ministerial meeting.
A series of meetings is scheduled for Sunday, June 7, including the OPEC+ ministerial monitoring committee, a full OPEC+ ministerial session, meetings of OPEC members, and a gathering of the seven key producers. The session is set to begin at 16:30.
By Jeyhun Aghazada
