{"id":1389329,"date":"2026-05-02T22:36:56","date_gmt":"2026-05-02T19:36:56","guid":{"rendered":"https:\/\/prm.ua\/opec-plans-to-significantly-increase-oil-production-amid-uaes-withdrawal-from-the-alliance\/"},"modified":"2026-05-02T22:36:56","modified_gmt":"2026-05-02T19:36:56","slug":"opec-plans-to-significantly-increase-oil-production-amid-uaes-withdrawal-from-the-alliance","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/opec-plans-to-significantly-increase-oil-production-amid-uaes-withdrawal-from-the-alliance\/","title":{"rendered":"OPEC+ plans to significantly increase oil production amid UAE&#8217;s withdrawal from the alliance"},"content":{"rendered":"<p><strong>OPEC+ plans to agree to increase oil production quotas in June by about 188,000 barrels per day after the United Arab Emirates left the alliance. The decision is expected to be made during a meeting of the seven member countries on May 4.<\/strong><\/p>\n<p> This is reported by <a href=\"https:\/\/www.reuters.com\/business\/energy\/opec-set-agree-another-oil-output-hike-without-uae-sources-say-2026-04-29\/\" rel=\"nofollow noopener\" target=\"_blank\">Reuters<\/a> .<\/p>\n<p> According to the agency&#8217;s sources, the increase in production will be similar to the April decision to increase quotas by 206,000 barrels per day, but without the share of the United Arab Emirates, which is leaving OPEC+ on May 1.<\/p>\n<p> One of the agency&#8217;s interlocutors said that such a decision would indicate the alliance&#8217;s intention to continue operating as usual despite changes in the organization&#8217;s composition and the market situation.<\/p>\n<p> \u201cOPEC+ continues to adhere to a business as usual approach,\u201d the source told Reuters.<\/p>\n<p> The article notes that a final decision has not yet been made, but preliminary consultations indicate support for the idea of increasing quotas.<\/p>\n<p> The meeting, scheduled for Sunday, will be attended by:<\/p>\n<ul><\/p>\n<li> Saudi Arabia;<\/li>\n<p><\/p>\n<li> Iraq;<\/li>\n<p><\/p>\n<li> Kuwait;<\/li>\n<p><\/p>\n<li> Algeria;<\/li>\n<p><\/p>\n<li> Kazakhstan;<\/li>\n<p><\/p>\n<li> Russia;<\/li>\n<p><\/p>\n<li> Oman.<\/li>\n<p><\/ul>\n<p> Journalists also report that after the UAE leaves OPEC+, 21 countries will remain, but it is these states that have participated in monthly decisions on production volumes in recent years.<\/p>\n<p> According to OPEC, average oil production by the alliance countries in March was 35.06 million barrels per day, down 7.70 million barrels from February. Saudi Arabia and Iraq recorded the largest reductions due to export restrictions.<\/p>\n<p> Separately, it is noted that Russia also reduced production after infrastructure damage due to Ukrainian drone attacks.<\/p>\n<p> It was previously reported that <a href=\"https:\/\/prm.ua\/oae-vykhodiat-z-opek-i-opek-shcho-bude-z-naftovym-rynkom\/\">the United Arab Emirates will withdraw from OPEC and OPEC+ on May 1.<\/a> This decision could seriously affect the global oil market, as the country was one of the key participants in the organization and an important ally of Saudi Arabia.<\/p>\n<p data-start=\"1734\" data-end=\"1873\" data-is-last-node=\"\" data-is-only-node=\"\"> By the way,<a href=\"https:\/\/prm.ua\/iran-hotovyy-vidkryty-ormuzku-protoku-ta-zavershyty-viynu-odnak-ie-niuans\/\">Iran has submitted a new proposal to the United States for resolving the war in the Middle East<\/a> . The initiative involves opening the Strait of Hormuz and postponing negotiations on the nuclear program.<\/p>\n<p><\/p>\n<p data-start=\"1734\" data-end=\"1873\" data-is-last-node=\"\" data-is-only-node=\"\"> As a reminder, <a href=\"https:\/\/prm.ua\/tsiny-na-naftu-vpaly-pislia-vidkryttia-ormuzkoi-protoky-skilky-koshtuie-palyvo\/\">oil and natural gas prices fell after Iran announced the opening of the Strait of Hormuz.<\/a> Markets reacted by falling prices amid expectations of reduced risks to energy supplies.<\/p>\n<p> Also follow <strong>\u201cPryamim\u201d<\/strong> on <a href=\"https:\/\/www.facebook.com\/pryamiy\/\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a> , <a href=\"https:\/\/x.com\/prm_ua\" target=\"_blank\" rel=\"nofollow noopener\">X<\/a> , <a href=\"https:\/\/t.me\/+rtV4dxYu2_cyNjVi\" target=\"_blank\" rel=\"noopener nofollow\">Telegram<\/a> , and <a href=\"https:\/\/www.instagram.com\/pryamiy\/\" target=\"_blank\" rel=\"nofollow noopener\">Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC+ plans to agree to increase oil production quotas in June by about 188,000 barrels per day after the United Arab Emirates left the alliance. The decision is expected to be made during a meeting of the seven member countries on May 4. This is reported by Reuters . According to the agency&#8217;s sources, the [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":1371769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76871,76872,76875,76892],"class_list":["post-1389329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news-feed","category-other-news","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1389329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1389329"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1389329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1371769"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1389329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1389329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}