According to the final statement of the meeting of the seven OPEC+ member countries with voluntary production restrictions, including Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Algeria and Oman, have decided to increase their oil production levels.
According to this decision, the maximum permitted level of oil production in June will increase by 188,000 barrels per day.
This measure has been taken within the framework of oil supply management and regulation of the global energy market by OPEC+ member countries.
Analysis shows that changes in production levels can affect global oil prices and energy markets.
