The Organisation of Petroleum Exporting Countries (OPEC) is weighing a possible increase in oil production for June, even as geopolitical tensions and disruptions around the Strait of Hormuz continue to affect global energy flows.
According to reports from delegates familiar with ongoing discussions, the proposed adjustment could mark the group’s first coordinated output move since recent changes within the alliance, including the exit of the United Arab Emirates.
Seven major producers, led by Saudi Arabia and Russia under the broader OPEC+ arrangement, are expected to consider adding about 188,000 barrels per day to their collective output target during a virtual meeting scheduled for Sunday.
Although the proposed increase may not immediately translate into actual production gains due to disruptions in key supply routes, particularly the Strait of Hormuz, officials said the move is largely symbolic and forward-looking.
The Strait of Hormuz, a critical passage for global oil shipments, has reportedly been affected by escalating regional tensions, forcing some producers around the Persian Gulf to scale down operations.
Despite these challenges, OPEC+ is said to be continuing its long-term strategy of gradually restoring production cuts implemented in previous years.
The group is also adjusting to the unexpected departure of the United Arab Emirates, which recently exited the organisation after prolonged disagreements over production limits.
Analysts suggested that while the UAE’s exit may not immediately trigger a price war, it could reshape future competition for market share once regional stability improves.
Russian Deputy Prime Minister Alexander Novak reportedly downplayed fears of market instability, noting that ongoing conflict in the region has already constrained supply expansion.
Energy experts believed the planned output adjustment reflects OPEC+’s attempt to maintain policy continuity while positioning itself for a post-conflict recovery in global oil markets.
The final decision on the June production level is expected after Sunday’s virtual consultation among member countries.
