OPEC+ meets subsequent on March 4. The 2 questions occupying the oil market are: 

  1. whether or not Saudi Arabia scales again its 1 million bbl/d voluntary reduce (which is because of finish subsequent month)
  2. and whether or not there can be an extra improve in provide from the entire group

Not too long ago, Russian Deputy PM Novak expressed help for a gradual improve in oil output, which comes as demand is seen bettering as COVID-19 vaccines are rolled out.

Saudi Arabia is claimed to need to keep output just about across the present stage. 

Any settlement to spice up provide would take impact from the next month, April, more than likely. 

OPEC+ meets next on March 4. The two questions occupying the oil market are: