Oil Majors Face Tough Choices Ahead Of Shareholder Meetings

1. OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment- OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance prepares for its June 3-4 meeting. - Meanwhile, OPEC+ production has edged lower to 42 million b/d as production shut-ins in Iraqi Kurdistan, industrial action at Nigerian loading terminals, and slightly lower Russian output weighed on supply. - Simultaneously, OPEC has voiced its dissatisfaction with the IEA’s discouraging investment…