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2026-04-06 08:01:20
[Hot Topic Recap: Eight Oil-Producing Countries Decide to Raise Daily Crude Oil Production by 206,000 Barrels Starting in May] On April 5th local time, eight member countries of OPEC+ (organization of the Organization of the Petroleum Exporting Countries and non-OPEC oil-producing countries) held a meeting and decided to raise daily crude oil production by 206,000 barrels starting in May 2026, continuing the previous arrangement to gradually withdraw from voluntary production cuts. Participating countries included Saudi Arabia, Russia, the United Arab Emirates, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The meeting did not make any other adjustments to the current production policy.
