OPEC+ is discussing increasing crude oil supply by 400,000 barrels per day in June.

Attendees said, the main OPEC+ countries discussed increasing daily production by around 400,000 barrels per day in June. The production video conference will be held this Saturday. Last month, OPEC+ unexpectedly announced an increase in daily production from May by 411,000 barrels, triple the originally planned amount, with the goal of lowering oil prices by increasing production and punishing member countries that overproduce. An unnamed representative revealed that OPEC+ is considering implementing this measure again next month.