RE:RE:Okay so what do you all call? OPEC+ INCREASE or FLAT?As an optimist I am happy with whatever the outcome.
If they stay flat (meaning they keep to their scheduled production increase) it could be because they don't don't have the immediate spare capacity to increase production.
If they accelerate the increase of production it could be because they believe the barrels will be easily absorbed into the market. OPEC+ (excluding perhaps Russia), wants to see $80+ oil and they would not increase production if they felt doing so would cause a significant drop in price.