People familiar with the matter: OPEC + this week's meeting is expected to cool the oil market by increasing production

According to people familiar with the matter, OPEC is expected to agree to increase production this week in order to cool the rapidly rising crude oil prices
.
It is reported that there is a general view within the organization that the market can absorb additional supply
.
Although the usual differences remain (that is, Saudi Arabia is cautious and Russia is eager to relax supply), all parties are ready to increase production
.
This may make the organization expected to achieve most of the increase in the 1.
5 million barrels a day plan
.
The plan will be discussed on Thursday
.
Insiders revealed that Russia has always advocated an increase of 500,000 barrels per day, and most other member states also believe that this plan should be promoted
.
Saudi Arabia will withdraw the additional production cuts from April as planned, but it is still internally discussing whether to withdraw the production cuts within a month or a longer period of time
.