OPEC+ debates whether to raise or freeze oil output as price recovers

DUBAI/MOSCOW: OPEC, Russia and other oil producers meet on Thursday to decide whether to keep April output steady or increase it as they weigh a recent price rally against uncertainty about the economic recovery.

With oil above $60 a barrel, some analysts have predicted the OPEC+ group of producers will increase output by about 500,000 barrels per day (bpd) and also expect Saudi Arabia to partially or fully end its voluntary reduction of 1 million bpd.

But three OPEC+ sources said on Wednesday that some members of the Organization of the Petroleum Exporting Countries believe OPEC and its allies, a group known as OPEC+, should keep output unchanged.