What To Expect From This Week’s OPEC+ Meeting

The OPEC+ group is set to meet on Thursday this week to determine the output levels for production beginning in May—and as volatile oil prices stick well above $100 per barrel, the group’s decision could be their most influential one yet. Nevertheless, the market is mostly assuming that OPEC+ will stick with its pre-planned production quota hike of 400,000 bpd. On the off-chance that OPEC+ agrees to roll back their production curtailments by more than the planned 400,000 bpd for May, the group is unlikely to meet such a new quota. In…