Core Viewpoint - Eight OPEC+ countries have agreed to increase oil output by 137,000 barrels per day in December and will pause output hikes for the first quarter of 2026 [1] Group 1 - The decision to raise oil output is a strategic move by OPEC+ to adjust supply levels in response to market conditions [1] - The pause in output hikes for the first quarter of 2026 indicates a cautious approach towards future market stability [1]

Core Viewpoint - OPEC+ is set to increase oil output starting in November, with differing views on the extent of the increase from member countries [1] Group 1: OPEC+ Meeting Outcomes - Saudi Arabia is advocating for a larger increase in oil production to regain market share [1] - Russia is proposing a more modest rise in oil output [1]

Group 1 - OPEC+ announced that eight member countries will increase oil production by 547,000 barrels per day in September [1]

Core Viewpoint - OPEC clarifies that the upcoming JMMC meeting on July 28 will not have decision-making authority regarding production levels, but will focus on monitoring compliance with production adjustments and reviewing overall market conditions [1] Group 1 - The JMMC meeting is scheduled for July 28 [1] - The committee's role is limited to monitoring compliance with production adjustments [1] - The JMMC does not have the authority to make decisions on production levels [1]

Group 1 - OPEC+ has agreed to increase oil production by 411,000 barrels per day starting in July [1]

Core Viewpoint - OPEC+ countries are likely to increase oil production by 411,000 barrels per day in July according to sources ahead of the meeting [1] Group 1 - OPEC+ is considering a production increase to address market dynamics [1]

Core Viewpoint - OPEC+ has not yet discussed increasing oil production by 410,000 barrels per day ahead of their upcoming meeting on the 28th [1] Group 1: OPEC+ Meeting - OPEC+ is scheduled to hold an online ministerial meeting on the 28th to discuss current market conditions, forecasts, and potential adjustments [1] - Eight OPEC+ countries will hold an additional meeting to address voluntary production cuts [1] - A meeting originally planned for June 1st has been moved up to May 31st [1] Group 2: Price Cap on Russian Oil - The G7 and EU plan to tighten the price cap on Russian oil from $60 per barrel to $50 per barrel, which is deemed unacceptable by Russian officials [1] - Current restrictions have not succeeded in curbing Russian oil exports [1]