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OPEC+ Expected to Approve Latest Oil Quota Increase of 188,000 Barrels Per Day on Sunday

2026-06-04 16:23:28

According to representatives, OPEC+ is expected to approve a further crude oil quota increase of 188,000 barrels per day in July during a video conference on Sunday (June 8), as part of a three-stage plan to complete production restoration by September. Over the past year, the alliance has restored more than 80% of production cuts implemented in 2023, paving the way for the final phase of supply increases originally scheduled for 2027.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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