OPEC+ Poised to Cool Oil Market With Extra Production

The transcript discusses the consensus among market analysts that OPEC+ will likely increase oil production, with a focus on Saudi Arabia's potential strategy to phase out its unilateral cuts. The market is anticipating an increase of 1.5 million barrels per day, but there is uncertainty about the exact amount. Saudi Arabia remains cautious due to the fragile market conditions, while other members like Russia and the UAE are eager to increase production to maintain market share. The outcome of the OPEC+ meeting will significantly impact oil prices.

What is the expected increase in oil production by OPEC Plus next month?

What is the significance of the OPEC meeting mentioned in the text?

What factors are influencing Saudi Arabia's decision regarding oil production cuts?

How have oil prices changed since November according to the text?

What concerns do OPEC members have regarding production increases?