Everything is leaking today
Normally this part of the OPEC+ meeting is quiet but because it's online, everything is leaking out.
Amena Bakr at Energy Intel evidently has a front-row seat. She's highlighting that ministers are considering rolling over production quotas through April and May. That headline helped boost WTI to a new high at $62.99 but she also notes that Russia is making the case for increasing supply. Russia said it's concerned about the supply of US shale.
A separate report says Russia is telling OPEC+ that there needs to be a gradual release of production, step-by-step.
Update: Another report says Russia would like to raise oil output in April to cover the local fuel market deficit.
