Oil - OPEC+ meets Wednesday this week. No change to output policy is expected

  • No change is broadly expected. A wildcard is Ukraine and supply disruption of course.

Earlier post:

OPEC+ set to deliver 400k bpd increase, as planned - report

RBC analysts are on board with planned increases continuing.

  • we think the producer group will likely stay the course with the current easing schedule and avoid wading into the deepening security crisis involving the group co-chair Russia

The Saudis seem content to support Russia:

Saudi Crown Prince stresses in call with France's Macron kingdom's keenness on the stability and balance of oil markets, its commitment to OPEC+ agreement

russia oil

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