The OPEC+ group will likely proceed with its oil production policy of the past few months by deciding next week to add another 400,000 barrels per day (bpd) to its collective output quota, OPEC+ and Russian sources told Reuters this week. OPEC and its Russia-led non-OPEC partners in the OPEC+ alliance are meeting on January 4 for their regular monthly meeting to decide how to proceed with unwinding the production cuts for the following month. So far, all indications point to OPEC+ sticking to its policy to continue unwinding the oil production cuts by 400,000 bpd each month. “At the moment, I have not heard of any moves to change course,” one source at OPEC+ told Reuters. Two other sources at OPEC+ and a Russian oil source who spoke to Reuters said that no changes to the current agreement were planned to be made on January 4. OPEC+ stayed […]