{"id":18546,"date":"2026-04-06T09:31:15","date_gmt":"2026-04-06T09:31:15","guid":{"rendered":"https:\/\/jobuzo.com\/en\/opec-to-ramp-up-oil-output-in-may-amid-global-energy-crisis\/"},"modified":"2026-04-06T09:31:15","modified_gmt":"2026-04-06T09:31:15","slug":"opec-to-ramp-up-oil-output-in-may-amid-global-energy-crisis","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/opec-to-ramp-up-oil-output-in-may-amid-global-energy-crisis\/","title":{"rendered":"OPEC+ to ramp up oil output in May amid global energy crisis"},"content":{"rendered":"
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Photo taken on Nov. 30, 2023 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria.  (Xinhua\/He Canling)<\/span><\/figcaption><\/figure>\n

OPEC+ has decided to increase oil output by 206,000 barrels per day in May in response to rising energy prices driven by the ongoing Middle East conflict.<\/strong><\/span><\/p>\n

VIENNA, April 5 (Xinhua) — The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, on Sunday decided to increase oil output by 206,000 barrels per day in May, according to an OPEC statement.<\/span><\/p>\n

The decision was announced following a virtual meeting attended by Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which reviewed global market conditions and outlook.<\/span><\/p>\n

Vehicles refuel at a gas station in Paris, France, on March 9, 2026.  (Xinhua\/Wu Huiwo)<\/span><\/figcaption><\/figure>\n

Amid the ongoing military conflict in the Middle East, the eight OPEC+ countries underscored the critical importance of safeguarding international maritime routes to ensure the free flow of energy supplies.<\/span><\/p>\n

The eight countries also expressed concern over attacks on energy infrastructure, which harmed the overall supply availability. They stressed that it is both costly and takes a long time to restore damaged energy assets to full capacity.<\/span><\/p>\n

They are scheduled to meet again on May 3 to make further decisions.<\/span><\/p>\n

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Since the U.S.-Israeli strikes on Iran beginning Feb. 28, the conflict in the Middle East has severely disrupted regional energy flows, with crude oil and refined product shipments declining significantly.  <\/span>■<\/span><\/p>\n<\/div>\n

OPEC+ to ramp up oil output in May amid global energy crisis<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Photo taken on Nov. 30, 2023 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria.  (Xinhua\/He Canling) OPEC+ has decided to increase oil output by 206,000 barrels per day in May in response to rising energy prices driven by the ongoing Middle East conflict. VIENNA, April 5 (Xinhua) —…<\/p>\n

Read More “OPEC+ to ramp up oil output in May amid global energy crisis”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":18547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/18546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=18546"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/18546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/18547"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=18546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=18546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=18546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}