OPEC+ will increase July oil output by about 188,000 barrels per day, as seven core members plan at June 7 meeting.
The increase follows steady Q1 2026 output and monthly hikes since April, though some deliveries stay disrupted by the Iran war.
The United Arab Emirates exited OPEC+, reducing the group’s market influence but potentially boosting cohesion among the remaining members.
Monthly increase sizes have been trimmed since May, reflecting the UAE’s departure from the alliance.