Kpler’s lead Americas oil analyst shares his thoughts. According to Matt Smith, Kpler’s lead Americas oil analyst, OPEC’s meeting at the end of the month is unlikely to yield any deviation from the group’s current stance of increasing production each month by 400,000 barrels per day. “We have seen the group be very measured over the last year, not reacting to near-term events, and we expect this to be the case once again, despite some overtures from UAE about boosting output faster,” Smith said in a statement sent to Rigzone. “OPEC+ appears reluctant to isolate Russia given the strategic relationship it has built, but this meeting is likely to be trickier than previous ones, particularly if we see Russian crude exports significantly dropping by the time of the meeting,” Smith added in the statement. Speaking to Rigzone last week, Joseph Gatdula, the head of oil and gas at Fitch […]