OPEC+ Expected to Boost Supply in Tighter Oil Market

The video discusses the expectations from an OPEC meeting, where a consensus suggests an increase in crude production by 400,000 barrels per day. Key points include the potential for OPEC to keep the meeting in session, allowing quick decision changes, and the impact of a predicted surplus on oil prices. Despite the surplus, OPEC remains optimistic due to low global inventories.

What is the predicted oversupply of barrels per day in the first quarter according to OPEC?

What factors contribute to OPEC's optimism regarding production cutbacks?