Seven OPEC+ countries (Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, Saudi Arabia) meeting virtually on Sunday May 3 agreed a 188,000 bpd production adjustment for June, the group's first meeting since the UAE's departure. The increase was widely characterized as symbolic given the effective closure of the Strait of Hormuz; announcement came on a Sunday with US markets closed.
Computed, not asserted — every number here is derived from public data: official EIA Brent closes via FRED, IMF PortWatch transit counts, Polymarket and Kalshi odds, and source-linked curated events. Method and caveats · Atom feed · llms.txt