Investing.com -- OPEC+, the group of oil-producing countries, is anticipated to stick to its current plan of gradually increasing output starting from April, according Reuters. This decision is expected to be confirmed in the upcoming meeting of the Joint Ministerial Monitoring Committee, scheduled for Monday at 1300 GMT.
Despite calls from U.S. President Donald Trump for OPEC to lower prices, it is unlikely that the group will increase output beyond their existing plans, the Reuters report added.
The Joint Ministerial Monitoring Committee is responsible for overseeing the implementation of the group's production policies. The upcoming meeting will be crucial in setting the group's output strategy for the coming months. As of now, all signs point towards a continuation of the gradual increase in output that was planned to begin in April.
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