OPEC+ reportedly discussing a June production increase of approximately 400,000 barrels per day (BPD) according to Bloomberg delegates.
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The group has moved its meeting forward to May 3 (originally May 5) to discuss June output plans, per Reuters.
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Market expectations suggest OPEC+ will continue adding supply in June, with a consensus forming around a 411k BPD increase.
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The planned increase maintains the accelerated pace of additions, according to Amena Bakr.
This article was written by Greg Michalowski at www.forexlive.com.
