Sees OPEC+ raising output by 400,000 b/d at Jan meeting Expects oil price of $60-80/b throughout 2022 Russia’s second-largest crude producer Lukoil expects the OPEC+ group to continue its current oil output policy, and increasing output by 400,000 b/d at its next meeting, the company’s vice president Leonid Fedun told reporters Dec. 17. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “I don’t see any deviations from the program that was previously adopted,” Fedun said when asked about the decision he expects the group to take in January. The OPEC+ group is next scheduled to discuss market conditions and output volumes at a ministerial meeting on Jan. 4. On Dec. 13 OPEC increased it forecast for first-quarter demand to 99.13 million b/d — up 1.1 mil b/d from its previous estimate. The group said the increase was due to expectations that the omicron variant […]