OPEC likely to decide on increase of supply - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS suspect that any agreement to increase production will have to be suitable for the whole cartel, which could potentially suggest that while the restrictive production regime could be eased.

Key Quotes

“OPEC will likely decide to increase supply at a slower rate than the market currently fears. Watch for any ambiguous headlines on an agreement relating to quota increases, as we suspect they would likely overestimate the barrels sent to market given capacity restrictions in several countries.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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