OPEP+ will decide on its June oil offer in Vienna in the midst of the global energy crisis

The OPEP+ alliance will arrive weakened at the telematic meeting scheduled for this Sunday, at which they will have to decide on the oil supply for June, in a scenario conditioned by the chances of a return to circulation in the Strait of Hormuz.

Only seven major producers (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman) will meet at the meeting after the United Arab Emirates left the organization on Friday and in the midst of the global energy crisis conditioned by the war and supply problems in Iran.

Over the past year, the countries of the Organization of the Petroleum Exporting Countries and their allies (OPEP+) have agreed to gradual increases in production in order to return to the market part of the voluntary restrictions applied in 2023. Between April and December 2025,they agreed to increases of 2.9 million barrels a day, about 2.8% of world production.

But the Strait of Hormuz is blocked, and about 20% of the world's oil trade passes through it. In addition, there have been attacks on energy infrastructure in the Gulf, leading to a sharp decline in production in key countries such as Saudi Arabia, the UAE, Iraq and Kuwait.

To this must be added the borders of Russia, the sanctions imposed by the West and the attacks by Ukraine on oil installations.The departure of the United Arab Emirates from the organization on 1 May also adds uncertainty , which surprised its allies.



Abu Dhabi argued that he made the decision because of the "vicissitudes" in the Gulf, after his production went from 3.4 million barrels per day between February and March to 1.5 million barrels per day.

Russian Deputy Prime Minister and oil manager Alexandr Novak has announced that a slight increase in production is likely to be agreed today.