MOSCOW (Pakistan Point News / Sputnik - 02nd March, 2021) Most of the OPEC+ nations are in favor of boosting oil production by 0.5 million barrels daily starting April, a source in a delegation told Sputnik ahead of the meeting, scheduled for Thursday.
"Yes, the majority is likely to boost production. The market situation is positive, and [daily] production is highly likely to increase by 0.5 million barrels," the source said.
When asked about potential effect that the production increase could trigger, the source noted that "OPEC+ technical and monitoring committees are analyzing risks."