OPEC+ to decide on oil output policy as U.S. considers unprecedented release of reserves

The meeting comes more than a month after Russia launched its invasion of Ukraine.

Edward Bell, senior director of market economics at Emirates NBD, said Thursday that he expects OPEC+ to stick to its existing policy.

"I don't think though that this is really going to push OPEC+ to try and increase the scale of their production at a faster pace," Bell said, particularly given that the U.S. is reportedly considering the release of up to 180 million barrels from the SPR.

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