OPEC + finalizes 2027 production benchmark and will discuss July production increase plan on Saturday

On May 28th, sources said that < b > OPEC + has agreed to set the level of oil production in 2025 as a benchmark for 2027 . At the same time, OPEC + will authorize the OPEC Secretariat to develop a mechanism to assess the maximum sustainable capacity of participating countries as a reference for the 2027 production baseline. The next meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC + will be held on November 30. < b > OPEC + will also hold another round of negotiations this Saturday, when an agreement to further accelerate the increase in oil production in July may be reached . Delegates said the eight OPEC + members meeting on Saturday that are gradually increasing production could agree to increase output by 411,000 barrels per day in July, in line with increases in May and June.