Seven member countries of the OPEC Plus alliance are meeting today to determine new oil production quotas. This is the first meeting since the United Arab Emirates (UAE) officially withdrew from both OPEC and the broader OPEC Plus group last Friday. The meeting follows the UAE’s decision, announced on April 28, to leave the alliance due to dissatisfaction with production limits.

The UAE, one of the world’s major oil producers, had long expressed discontent over the quotas set by the alliance. Analysts cited this ongoing disagreement as the main reason behind its departure. The current meeting is expected to address production adjustments among the remaining members.

According to reports, the seven participating countries may decide to increase daily oil output by about 188,000 barrels. Such a move could influence global oil supply and prices, depending on how markets respond to the new quotas.