PANews reported on May 3rd that, according to Jinshi News, a draft OPEC+ statement shows that seven OPEC+ countries have agreed to raise their June oil production target by approximately 188,000 barrels per day, marking the third consecutive month of increases. This move aims to demonstrate the organization's readiness to increase supply after the war ends. Sources indicate that despite the UAE's withdrawal from the organization this week, OPEC+ will continue to pursue its production increase plan. The seven member countries participating on Sunday are Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman. A report from OPEC last month stated that the average daily crude oil production of all OPEC+ members in March was 35.06 million barrels, a decrease of 7.7 million barrels per day from February, with Iraq and Saudi Arabia experiencing the largest production cuts due to export restrictions. The draft statement indicates that the seven member countries will meet again on June 7th.