After the United Arab Emirates (UAE)’s shock withdrawal from the OPEC and OPEC+ alliance, the Organization of the Petroleum Exporting Countries reportedly increased their oil production quota on Sunday, May 3.

Aimed at demonstrating continuity at the cartel after the unexpected UAE exit, the alliance, formed in 2016 which includes several non-OPEC oil-producing nations, notably Russia, designed to control global oil supply and influence prices, did not mention the UAE, which withdrew from it this week.

Read Also: Oil And Gas Prices Continue To Skyrocket After Attacks On Key Energy Facilities In West Asia

A statement published by OPEC+ said that the seven major producers will add “188,000 barrels per day” to their total production quota for June, as part of “their collective commitment to support oil market stability.

Read Also: ‘Air Operations Return To Normal’: UAE Lifts All Air Traffic Restrictions Introduced Due To Iran War