OPEC+ has decided to increase oil production by 411 000 barrels per day starting in June. This decision is anticipated to further decline crude prices, a trend already set in motion by recent tariff announcements from President Trump.

The increase in output comes as part of OPEC+’s ongoing efforts to manage global oil supply effectively. The organization aims to respond to fluctuating demand and market conditions while navigating the impacts of geopolitical developments.

Analysts are closely monitoring these changes, as the rise in production levels could significantly affect global oil prices in the upcoming months. The situation remains dynamic, with market responses likely to evolve following this latest announcement from OPEC+.