OPEC+ makes first output decision after UAE exit – Reuters

Seven major exporters of crude reportedly agreed to add 188,000 barrels a day in June

Seven OPEC+ countries have agreed to raise oil output targets by about 188,000 barrels per day (bpd) in June, Reuters reported on Saturday, citing two sources familiar with the group’s plans. The report comes as the US-Israel war with Iran continues to disrupt Gulf oil supplies and follows days after the United Arab Emirates (UAE) quit the cartel.

The UAE...