OPEC+ to meet virtually June 1 No changes to production quotas on agenda so far Iran targets 6.5 mil b/d output once sanctions lifted OPEC expects the anticipated increase of Iran’s oil production unlikely to have a negative impact on the global market and output hike plans of the OPEC+ alliance, Secretary General Mohammed Barkindo said May 31. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now His remarks were voiced during a meeting of the delegate-level OPEC+ technical committee, which met to track compliance with production quotas and to review supply-demand forecasts “given the diverse range of uncertainties” during the coronavirus pandemic. The JTC meeting was held ahead of a full OPEC+ ministerial meeting on June 1 when the alliance is expected to weigh in on its decision to gradually ease production cuts over May-July and at the same time as the […]