- May output 28.76 mbpd
- 10 OPEC members bound by OPEC+ deal boosted output by 280kbpd vs 274kbpd quota increase
- Compliance at 178% from 164%
WTI crude is up $2.72 to $117.83 today. OPEC continues to struggle to match its quotas and that will continue with OPEC quotas set to continue to rise through Q3.
