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OPEC+ to make first post-UAE production decision

Posted on May 3, 2026
By Business News Today
1 Views
1 min read

OPEC+ to make first post-UAE production decision

Seven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle East has already pushed oil prices higher. Markets expect a small increase in production, but actual output is already below limits due to blockades.