Don’t Expect OPEC+ To Boost Production In June ...Middle East

The OPEC+ Joint Technical Committee (JTC) meeting ahead of tomorrow’s main ministerial meeting has concluded without any revisions of demand growth forecasts, according to a Walter Bloomberg tweet.  Reuters cites cartel delegates as saying that OPEC+ is leaning towards an agreement for a small increase in June production targets of 432,000 barrels per day based on an earlier agreement that would be in effect through September.  The group, according to Reuters, expects sanctions to cause a further decline in Russian oil output, perhaps…

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