Highlights Analysis shows 832,000 b/d shortfall to December quotas OPEC+ ministers meet Feb. 2 to decide March output levels Delegates say no discussion of potential Russia sanctions The oil market will be oversupplied by 1.3 million b/d in 2022 if OPEC and its allies fully unwind their production cuts as planned, the group’s advisory technical committee heard Feb. 1, as ministers appear likely to approve another 400,000 b/d hike in quotas for March. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now But the inability of several members to hit their quotas over the past several months casts significant doubt on whether the alliance will actually bring on as much supply as it is aiming for. The 19 OPEC+ countries with quotas underperformed their production targets by 832,000 b/d in December, according to analysis prepared for the committee and seen by S&P Global Platts. […]