OPEC+ increases production quotas without mentioning UAE withdrawal
Key takeaways
- Seven OPEC+ countries including Russia and Saudia Arabia have increased their oil production quotas, according to a statement published on the organisation website on Sunday.
- Issued on: 03/05/2026 - 14:13Modified: 03/05/2026 - 14:55
- By: FRANCE 24 FILE - The OPEC headquarters on the eve of the 171th meeting of the Organization of the Petroleum Exporting Countries in Vienna, on November 29, 2016.
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Seven OPEC+ countries including Russia and Saudia Arabia have increased their oil production quotas, according to a statement published on the organisation website on Sunday. Oil market analysts say the decision is aimed at projecting stability following the departure of the United Arab Emirates.
Issued on: 03/05/2026 - 14:13Modified: 03/05/2026 - 14:55
By: FRANCE 24 FILE - The OPEC headquarters on the eve of the 171th meeting of the Organization of the Petroleum Exporting Countries in Vienna, on November 29, 2016. © Joe Klamar, AFP Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.