OPEC+ said to be likely to stick with existing deal at next week's meeting

  • Reuters reports, citing six sources from the bloc

That means OPEC+ will agree to another 432k bpd oil output increase for June. The bloc is scheduled to meet on 5 May, so mark that in your calendars. That said, with the lack of enthusiasm to address the elephant in the room, OPEC+ meetings these days have been a real bore.

But you can't really blame them for being satisfied with oil prices at over $100 now, can you?

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