Key facts
- OPEC+ ministers will meet on June 7 for their bi-annual policy meeting.
- This is the first meeting since the United Arab Emirates left the alliance.
- The UAE has bet on more independence in global oil markets.
- The group is expected to maintain current output plans.
OPEC+ ministers are scheduled to meet on June 7 for their bi-annual policy gathering. This meeting is significant as it is the first since the United Arab Emirates (UAE) announced its departure from the alliance last month. The UAE's exit is seen as a bet on greater independence within the global oil markets. Despite this disruption, the expectation among investors is that the group will likely maintain its current output plans. Abeer Abu Omar of Bloomberg is reporting on the developments.