The one-day OPEC+ group meeting in Jeddah, Saudi Arabia. Photo: Amer Hilabi/AFP/Getty Images

Modest production hikes are on the table for June's OPEC meeting following a gathering this past weekend in Saudi Arabia of the Middle Eastern-led oil group and other producing countries.

Driving the news: "Saudi Energy Minister Khalid al-Falih told reporters at the event that he was recommending 'gently' driving oil inventories down. But he added that OPEC would not make hasty decisions about output ahead of the June meeting," CNBC reported.

  • "Two sources said Saudi Arabia, OPEC's de facto leader, and Russia were discussing two main scenarios for June's OPEC+ meeting and that both frameworks proposed higher output from the second half," Reuters reported.

Background: OPEC and non-OPEC producers led by Russia agreed in December to cut output by 1.2 million barrels a day for 6 months, which has led to increased and relative stable prices since then.

The intrigue, via WSJ: "The meeting comes as the U.S., Iran and Saudi Arabia have all warned in recent days that they could stagger into a military conflict in the Middle East. After the U.S. ban on Iran’s oil exports, two Saudi tankers were struck by unknown attackers, a Saudi pipeline was hit by an Iranian ally and the U.S. beefed up its naval presence in the Persian Gulf and pulled diplomats out of Iraq."

What's next: The next big OPEC meeting is set for June 26 in Vienna, Austria.

Go deeper: New energy technologies are disrupting the power of OPEC

Go deeper

Two officers shot in Louisville amid Breonna Taylor protests

Police officers stand guard during a protest in Louisville, Kentucky. Photo: Ben Hendren/Anadolu Agency via Getty Images

Louisville Metro Police Department said two officers were shot downtown in the Kentucky city late Wednesday, just hours after a grand jury announced an indictment in the Breonna Taylor case.

Driving the news: Metrosafe, the city's emergency services, said it received reports of a shooting at South Brook St. and Broadway Ave., near the area where protests were taking place. A police spokesperson told a press briefing the injuries of both officers were not life-threatening. One officer was "alert and stable" and the other was undergoing surgery, he said.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 31,778,331 — Total deaths: 974,436 — Total recoveries: 21,876,025Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 6,943,078 — Total deaths: 201,930 — Total recoveries: 2,670,256 — Total tests: 97,459,742Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Missouri Gov. Mike Parson tests positive for coronavirus — Poll says 51% of Republicans trust Trump on coronavirus more than the CDC.
  5. Technology: The tech solutions of 2020 may be sapping our resolve to beat the coronavirus
  6. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  7. Sports: Less travel is causing the NBA to see better basketball.
  8. Future: America's halfway coronavirus response

Biden: Breonna Taylor indictment "does not answer" call for justice

Former Vice President Joe Biden. Photo: Leigh Vogel/Getty Images

Former Vice President Joe Biden on Wednesday condemned the grand jury indictment of a Louisville police officer who entered Breonna Taylor's home in March in a botched drug raid that led to her death, saying in a statement the decision "does not answer" for equal justice.

The big picture: Biden called for reforms to address police use of force and no-knock warrants, while demanding a ban on chokeholds. He added that people "have a right to peacefully protest, but violence is never acceptable."

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