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Analysts at TDS suspect that any agreement to increase production will have to be suitable for the whole cartel, which could potentially suggest that while the restrictive production regime could be eased.

Key Quotes

“OPEC will likely decide to increase supply at a slower rate than the market currently fears. Watch for any ambiguous headlines on an agreement relating to quota increases, as we suspect they would likely overestimate the barrels sent to market given capacity restrictions in several countries.”