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OPEC Plus meets for first quotas after UAE exit as oil prices stay elevated
Economy
Published on 6 May 2026
Markets want more output, but blockades may block it
Seven OPEC+ nations are meeting to set oil production quotas for the first time after the UAE exited the group. With the Middle East conflict already lifting prices, markets expect only a small supply increase. But actual production is reportedly running below limits because blockades are constraining output.
- OPEC+ is setting quotas after the UAE’s departure
- Middle East tensions have kept oil prices elevated
- Expected production rise may be limited by constraints on output
- Blockades are keeping actual output below quota targets
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times