Leaving the December meeting "in session" was brilliant. Always easy to say after the fact but it seems the OPEC decision to proceed in December worked out. The market confidence in OPEC grows. WTI around $77 right now
Reference:
"OPEC+ likely to stick to existing policy at Jan. 4 meeting - sources
LONDON/MOSCOW (Reuters) - OPEC and its allies will probably stick to their existing policy of modest monthly increases in oil output at a meeting next week, four sources said, as demand concerns raised by the Omicron coronavirus variant ease and oil prices recover.
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is set to decide on Jan. 4 whether to proceed with a 400,000 barrels per day output hike for February, the latest in a steady unwinding of record cuts made last year.
“At the moment, I have not heard of any moves to change course,” said an OPEC+ source. A Russian oil source and two other OPEC+ sources also said no changes to the deal were expected next week."
