Bloomberg reported on OPEC+ plans to increase oil production in June

OPEC+ countries participating in agreements on voluntary production cuts are discussing the possibility of increasing production by 400,000 barrels per day in June. This was reported by Bloomberg on May 2.

"This step is also likely to be welcomed by President Donald Trump, who has called on the Organization of Petroleum Exporting Countries to reduce fuel costs and plans to visit the Middle East this month," the article said.

According to the agency, a few hours ago OPEC+ decided to postpone its policy conference call, which was originally scheduled for Monday.

The block says: OPEC+ may postpone the increase in oil production

Despite the decision to increase production, alliance members will first have to compensate for their past violations.

On April 3, it was reported that eight OPEC+ countries decided to change the production schedule and increase oil production in May by 411 thousand barrels per day. According to the schedule published by OPEC, Russia will be able to increase production to 9.083 million b/d in May, while Saudi Arabia will be able to increase production to 9.2 million b/d.