Analysis: OPEC+ is about to make an oil production decision, oil traders may face a turbulent start to June.

Some OPEC+ member countries may decide to increase production again this weekend, causing oil traders to face a volatile start to June. Saudi Arabia and its allies are facing two key issues. Firstly, whether OPEC+ should support another significant increase in production. Secondly, how to resolve the issue with Kazakhstan. For the first issue, the market generally expects another substantial increase in production, possibly exceeding 400,000 barrels per day. This move may be packaged as a measure to constrain members exceeding quotas, but it is also to regain market share from competitors. As for the second issue, Kazakhstan has stated this week that it cannot reduce production and may even increase it, violating its obligations within this alliance. Today's crude oil futures trend is weak, reflecting the current trade/tariff tensions and the upcoming discussions this weekend. The global benchmark Brent crude oil prices remained relatively stable in May. If supplies increase again, crude oil prices in June may fall, with the risk of returning to four-year lows.