The OPEC+ coalition intends to stick to plans for raising oil production in June despite the unprecedented departure of the United Arab Emirates from the group. Seven key members of the alliance plan to raise the combined target by 188,000 barrels per day.
That volume largely mirrors May’s schedule of 206,000 bpd once the UAE’s share is excluded. Delegates expect the final decision to be approved at an emergency online meeting on Sunday.
Abu Dhabi’s decision to leave the cartel after 60 years of membership shocked markets. The fourth‑largest OPEC producer accounted for about 3% of global supplies — roughly 3.4 million bpd—before the onset of the conflict in Iran. The UAE’s formal exit from the agreement, effective May 1, frees it from quota obligations and removes OPEC+’s leverage over a material share of crude exports.
Delegates concede that the move substantially weakens the group’s control over global price formation. Nonetheless, Saudi Arabia and the remaining members plan to show unity and to maintain a "business‑as‑usual" approach to supply coordination. Analysts view the proposed June increase as an attempt by the cartel to steady the market in the face of the largest member loss in its history.
