Recent Middle East conflicts and the effective closure of the Strait of Hormuz have sharply curtailed actual crude output from key Gulf producers, driving OPEC's total production well below prior baselines despite planned quota adjustments. The United Arab Emirates' exit from the organization effective May 1 further reduces the cartel's reported figures by removing roughly 3.4 million barrels per day from the baseline. Remaining OPEC+ members, including Saudi Arabia and Russia, implemented only modest increases of 206,000 barrels per day for May and 188,000 barrels per day for June as part of gradual reversal of earlier voluntary cuts, yet secondary sources show April output already falling 1.74 million barrels per day from March levels amid compliance challenges and physical supply constraints. OPEC's latest demand forecast revision downward for 2026 reflects these supply-side pressures, while the June Monthly Oil Market Report will provide the definitive May average used for market resolution.
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18 Million
42%

19 Million
31%

20 Million
14%

21 Million
8%
$4,050 Vol.

18 Million
42%

19 Million
31%

20 Million
14%

21 Million
8%
The June 2026 OPEC Monthly Oil Market Report is scheduled to be published on June 11, 2026
The relevant figure is the Total OPEC crude oil production for the month of May 2026, as reported by secondary sources. This figure is typically published in thousands of barrels per day in the row labeled “Total OPEC” of Table 5-7 of the OPEC Monthly Oil Market Report (DoC crude oil production based on secondary sources, tb/d). The figure will be converted to barrels per day for resolution.
Crude oil production for non-OPEC (including OPEC+) countries will not be considered.
If the OPEC Monthly Oil Market Report for June 2026 is not released by June 30, 2026, 11:59PM ET, or if it is released and the relevant data is not included, this market will resolve to “No”.
The resolution source for this market will be the June 2026 OPEC Monthly Oil Market Report, typically published at https://www.opec.org/monthly-oil-market-report.html.
Note: this market’s resolution source publishes crude oil production in thousands of barrels per day. Thus, this is the level of specificity that will be used to resolve this market.
Pasar Dibuka: Apr 28, 2026, 7:05 PM ET
Resolver
0x65070BE91...The June 2026 OPEC Monthly Oil Market Report is scheduled to be published on June 11, 2026
The relevant figure is the Total OPEC crude oil production for the month of May 2026, as reported by secondary sources. This figure is typically published in thousands of barrels per day in the row labeled “Total OPEC” of Table 5-7 of the OPEC Monthly Oil Market Report (DoC crude oil production based on secondary sources, tb/d). The figure will be converted to barrels per day for resolution.
Crude oil production for non-OPEC (including OPEC+) countries will not be considered.
If the OPEC Monthly Oil Market Report for June 2026 is not released by June 30, 2026, 11:59PM ET, or if it is released and the relevant data is not included, this market will resolve to “No”.
The resolution source for this market will be the June 2026 OPEC Monthly Oil Market Report, typically published at https://www.opec.org/monthly-oil-market-report.html.
Note: this market’s resolution source publishes crude oil production in thousands of barrels per day. Thus, this is the level of specificity that will be used to resolve this market.
Resolver
0x65070BE91...Recent Middle East conflicts and the effective closure of the Strait of Hormuz have sharply curtailed actual crude output from key Gulf producers, driving OPEC's total production well below prior baselines despite planned quota adjustments. The United Arab Emirates' exit from the organization effective May 1 further reduces the cartel's reported figures by removing roughly 3.4 million barrels per day from the baseline. Remaining OPEC+ members, including Saudi Arabia and Russia, implemented only modest increases of 206,000 barrels per day for May and 188,000 barrels per day for June as part of gradual reversal of earlier voluntary cuts, yet secondary sources show April output already falling 1.74 million barrels per day from March levels amid compliance challenges and physical supply constraints. OPEC's latest demand forecast revision downward for 2026 reflects these supply-side pressures, while the June Monthly Oil Market Report will provide the definitive May average used for market resolution.
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