Investing.com -- The member countries of OPEC+ are set to discuss an increase in oil production for July during a meeting on May 31, according to Kazakhstan’s deputy energy minister Alibek Zhamauov. However, the magnitude of the potential increase hasn’t been specified yet.

On the previous Wednesday, the OPEC+ group, which is a coalition of the Organization of the Petroleum Exporting Countries and its allies, decided to maintain its current output policy.

Furthermore, another meeting involving eight OPEC+ countries is scheduled for the upcoming Saturday, where the decision regarding the oil output increase for July is anticipated to be made.

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