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OPEC+ countries to raise oil June output quotas by 188,000 barrels per day

The member states "will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of adopting a cautious approach and retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments"

MOSCOW, May 3. /TASS/. Seven key OPEC+ members (Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman and Algeria) have decided to raise oil output quotas by 188,000 barrels per day (bpd) in June, the group said in a statement.

"This measure will provide an opportunity for the participating countries to accelerate their compensation. <...> They also confirmed their intention to fully compensate for any overproduced volume since January 2024," the statement reads.

The member states "will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of adopting a cautious approach and retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments."

That said, June output quotas will stand at 9.762 mln bpd for Russia, at 10.291 mln bpd for Saudi Arabia, at 4.352 mln bpd for Iraq, at 2.628 mln bpd for Kuwait, at 1.599 mln bpd for Kazakhstan, at 989,000 bpd for Algeria and at 826,000 mln bpd for Oman, not including compensation for oil overproduction.

The next OPEC+ meeting will take place on June 7.

Kiev’s attacks on Russian oil facilities may lead to further rise in prices, Kremlin warns

Oil supplies to the global market have greatly declined due to developments in the Strait of Hormuz, and if some of our oil supplies fail to reach the market, prices will grow even higher, while they have already reached the $120 per barrel level, Kremlin Spokesman Dmitry Peskov told

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The Serbian president says that the standoff between Germans and Americans will evolve progressively

Ukraine loses about 1,235 troops in special military operation zone in past day

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Kiev loses 1,195 troops during day in special military operation zone — Defense Ministry

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Deputy calls for dismissal of Ukraine’s National Security and Defense Council head

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Russia expands list of alternative service trades

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Nabih Berri called on Muslims and Christians to join forces "to expose those seeking to stir up religious hatred in Lebanon"

Bulgarian MEP sees EU sabotaging attempts to normalize ties with Russia

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Russia publishes unique 1945 Soviet embassy report of Hiroshima bombing

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According to the Defense Ministry, 671 aircraft, 284 helicopters, 140,399 unmanned aerial vehicles, 658 anti-aircraft missile systems, 29,127 tanks and other armored combat vehicles

Russian Tu-95MS strategic bombers conduct scheduled flight over Barents, Norwegian Seas

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Russian MP warns of nuclear proliferation risk if Israel uses nukes against Iran

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According to sources cited by Al Ekhbariya, an ammunition and drug depot in the Shahba settlement was hit

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The news agency referred to several Arab media outlets quoting diplomats from Ankara

Trump wants to destroy missile potential left in Iran

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Azerbaijan's parliament suspends cooperation with EP across all areas

The Milli Majlis approved the decision at its session on May 1

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According to a report by Le Parisien, over 60% small repair companies received notices of the increase of tariffs from their suppliers

US fighter jet downed over Iran likely conducted strikes on ground targets — media

According to CBS News national security analyst Aaron MacLean, the pilots of the downed fighter had sidearms

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Their assessments were similar. Basically, it’s hard to imagine different assessments of the Kiev regime’s behavior, he said

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The tragedy at the Odessa House of Trade Unions occurred on May 2, 2014, reported Russian Foreign Ministry press secretary Maria Zakharova

Iran to hit more targets if US attacks Kharg Island — ambassador

Tehran’s Ambassador to Zimbabwe Amir Hossein Hosseini also expressed hope that the conflict would be resolved diplomatically

Air defenses down another drone — Moscow mayor

Response teams are working at the site where debris fell, he wrote on Russia’s national messenger Max

Ukrainian drone attack leaves two adults, child injured in Russia’s Smolensk Region

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Energy Ministry estimates illegal mining in North Caucasus at 300 MW

Energy companies, together with law enforcement agencies and mobile operators, identify points based on the load profile and frequency of requests to the Internet

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Czech Republic still coordinates artillery ammunition supplies to Ukraine — Welt

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North Macedonian politicians support Trump in situation with Iran — Russian ambassador

Dmitry Zykov says that religious solidarity does not have a sensible effect on the public opinion on this matter

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DPR head doubts change of power in Ukraine possible after political crackdown by Kiev

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Air defenses shoot down drone heading towards Moscow — mayor

Response teams are working at the site where debris came down, he wrote on Russia’s national messenger Max

Port infrastructure suffers damage in Ukraine’s Odessa Region

No details were immediately available

US-Israeli strike on humanitarian aid aircraft in western Iran reported

The Civil Aviation Organization of the Islamic Republic called on all international bodies to take appropriate measures in response to this incident

St. Petersburg airport operations restricted temporarily

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Trump says threatened Thailand and Cambodia with new duties

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General HQ of Iranian army warns of potentially larger strikes on Tel Aviv

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Russia to view F-16 fighter jets in Ukraine as threat in nuclear sphere — Lavrov

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Zelensky sanctions former head of his office Bogdan

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The meeting is scheduled to begin at 01:00 p.m. Moscow time (10:00 a.m. GMT)

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Uragan MLRS crews hit Ukrainian troops’ positions in Zaporozhye Region

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LG files eleven applications for trademark registration in Russia

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Abbas Araghchi noted that "Israel First always means America Last"

US to reduce troops stationed abroad by more than 5,000 — Trump

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North Macedonia provides military, technical aid to Ukraine — Russian envoy

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Israeli army strikes 120 Hezbollah targets in southern Lebanon in past day

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Vladimir Putin recalls how WWII affected life of his parents

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Putin to deliver important address at VIctory Day parade on May 9 — Kremlin spokesman

We expect that the president's address at the parade will be an important one, as always, he said

Air defenses shoot down one more drone — Moscow mayor

Response teams are working at the site where debris came down, he wrote on Russia’s national messenger Max

Russia needs no reaction from Kiev to Putin’s proposed V-Day ceasefire — Kremlin

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Japan’s Taiyo Oil buys Russian oil as part of supply diversification efforts

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Israel records another projectile launch from Lebanon, army says

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Pro-Palestinian marches may be stopped in UK after anti-Semitic attacks — Starmer

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INTERVIEW: Officials in North Macedonia avoid contact with Russian diplomats — ambassador

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Zelensky imposes sanctions on two senior Russian sport officials

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Another strike hits area near Bushehr Nuclear Power Plant in Iran

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Unfriendly steps of North Macedonia prevent commission’s meeting — Russian ambassador

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Yemeni Coast Guard reports armed seizure of tanker in country's waters

Unknown persons headed towards the Gulf of Aden

Almost all localities across Zaporozhye Region left without electricity

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Japan purchases Russian oil amid situation in Hormuz Strait — TASS reporter

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Press review: Russia, US find common ground on Ukraine as gold demand hits 13-year high

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Overnight drone attack targeted port of Primorsk — Leningrad Region governor

No oil product spill was reported, he wrote on Russia’s national messenger Max

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Europe keeps LNG imports at record highs for April

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Fire extinguished at marine terminal in Tuapse

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Russia ratifies military cooperation agreement with Nicaragua

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Word ‘justice’ becomes oxymoron in Ukraine — Russian Foreign Ministry

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