The OPEC+ ministerial meeting is discussing gradual production increases over the next three months, sources say, while the group was still debating as of 11:10 a.m. EDT on Thursday how to proceed with its oil supply management policies. The OPEC+ alliance is reportedly debating raising its oil output by 350,000 bpd in each of May and June and by 400,000 bpd in July, a source told Reuters . The market was more or less expecting a rollover of the current cuts or just a slight increase in view of the recent weakness in oil demand with European lockdowns and with Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, reiterating calls for a cautious approach today. Going into the behind-closed-doors session, the key ministers of Russia and Saudi Arabia spoke at the opening of the meeting and had somewhat diverging views. Russia appeared more optimistic about oil demand recovery and […]