OPEC+ increases oil production quota for June.

The seven countries of Organization of the Petroleum Exporting Countries and allies (OPEC+) They agreed, in a virtual meeting held the day before (3), to increase production of the energy commodity by 188 thousand barrels per day (bpd) starting in June. This is the third consecutive monthly increase and the same volume increased in May. 

As described in the statement, the resumption of volume may be maintained, paused, or reversed gradually, depending on how market conditions evolve during the period. 

Currently, the cartel is composed of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The United Arab Emirates left the group in April.. 

This text was translated by machine from Brazilian Portuguese.