OPEC is considering raising its target for crude oil supply by as much as 1.5 million barrels per day (bpd), a delegate to next week's meeting of the group told Reuters on Thursday.
The Organization of the Petroleum Exporting Countries, which pumps more than a third of the world's oil, is due to meet in Vienna on June 8 to discuss output and its response to a sharp rise in oil prices that could be a drag on economic growth.
The 11 members of OPEC bound by the group's targets pumped 26.23 million bpd in May, nearly 1.4 million bpd above their target of 24.84 million bpd, a Reuters survey showed.
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