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OPEC and allies expected to gradually increase output

In this May 20, 2021 photo, a fuel truck driver checks the gasoline tank level at a United Oil...
In this May 20, 2021 photo, a fuel truck driver checks the gasoline tank level at a United Oil gas station in Sunset Blvd., in Los Angeles. The average U.S. price of regular-grade gasoline jumped 8 cents over the past two weeks, to $3.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday, May 23, 2021 that the increase is attributed to supply disruption from the 10-day shutdown of the Colonial Pipeline following a cyberattack, and a rise in prices for corn, a key ingredient in corn-based ethanol that must be blended by refiners into gasoline.(Damian Dovarganes | AP Photo/Damian Dovarganes)
Updated: Jun. 1, 2021 at 9:40 AM CDT
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FRANKFURT, Germany (AP) — OPEC oil cartel members and allied countries are facing a decision on production levels at a virtual meeting Tuesday of the Vienna-based organization.

Members such as Saudi Arabia and non-member such as Russia face conflicting pressures in oil markets.

They have to balance continuing COVID-19 outbreaks in places like India against the ongoing recovery in the US that is increasing demand for fuel.

There’s also the possibility that Iran might ship more oil if there’s a deal over its nuclear program.

Analysts say the producing countries might just stick to their earlier decision to gradually add back 2.1 million barrels per day in production through July.

Copyright 2021 The Associated Press. All rights reserved.