The long-term production targets for 2025 and 2026 are likely not to change now, reports Bloomberg with reference to several delegates.
However, discussions are expected about whether there will also be an increase in the total production quotas by 411,000 per day in July - after previous decisions to increase the quotas by this volume in May and June, according to the news agency.
The meetings this week are with delegates from eight countries, with Saudi Arabia and Russia as leading actors. It was this group of countries that in April shocked the oil market with decisions on production increases, which caused the world market price of crude oil to fall below 60 dollars per fat - the lowest prices in four years.
The oil price has simultaneously been pressed down by the uncertainty surrounding the global economy created by the Trump administration's tariffs on almost the entire world.
In total, there are 22 countries in what has been called Opec-plus for a few years, where Opec countries together with, among others, Russia coordinate production plans.
