OPEC+ is set to hold a meeting on May 5, where eight member countries will discuss the plan for oil output in June. Some members are proposing to accelerate oil output increases for a second consecutive month, following a significant rise in May.

In April, oil prices fell to a four-year low due to factors such as a U.S.-China trade war. OPEC+ had previously decided to increase oil output by 411 000 barrels per day in May, a figure that was three times more than initially planned.
The aim of the upcoming meeting is to decide whether to maintain a similar increase in output for June. However, this proposal has already caused tension among member countries, particularly between those adhering to output targets and those exceeding them. The Organization of the Petroleum Exporting Countries and Saudi Arabian authorities have not yet responded to inquiries from Reuters for comments on this matter.
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