From Yahoo Finance: 2025-05-28 07:31:00

OPEC+ agrees to establish baselines for 2027 oil production. Talks Saturday may result in accelerated output hike for July. Group discussing baselines and quotas due to production capacity differences. OPEC+ to develop mechanism for assessing maximum production capacity. May and June output hikes causing oil price fluctuations. Market fundamentals cited for June production decision. Next OPEC+ meeting set for Nov. 30.

Read more: OPEC+ adopts plan for 2027 baselines ahead of July output hike talks