OPEC and its allies are expected to stick with their current plan of gradually increasing output monthly, unless disrupted by unforeseen external factors, said Joseph McMonigle, Secretary General of the Riyadh-based International Energy Forum (IEF). OPEC+, as the wider group is called, has said it intends to stick to plans for a gradual increase in output of about 400,000 barrels per day each month. The IEF is the largest international organization of energy ministers, with 71 member countries, including Saudi Arabia, Russia and the United States. “I see them sticking to their current plan in light of the supply surplus for next year, which is typical for oil markets in the first quarter,” McMonigle told Reuters Monday. “If they are […]