OPEC+ will increase oil production by 206,000 bpd in May.

THE Organization of the Petroleum Exporting Countries and allies (OPEC+) announced, the day before (5), that it had decided to expand fuel production in 206,000 barrels per day (bpd) in May, with the aim of mitigating the impacts of the lack of supply amidst the logistical crisis caused by the closure of Strait of HormuzThe volume represents less than 2% of the supply blocked by the route disruption. This includes key members of the cartel, such as… Qatar, United Arab Emirates and Saudi ArabiaThey cannot increase production as a result of the conflict, since there is a threat of Iranian attacks against the countries of Persian Gulf.

This text was translated by machine from Brazilian Portuguese.