Citing an unnamed OPEC source

That is provided there is a consensus among OPEC members and if it is needed by the market. If true, it bodes well that we may see some form of agreement between OPEC+ participants by the end of tomorrow and Saudi Arabia will be all smiles.

The thing now is that where will all this output increase come from? With Iran and Venezuela still facing sanctions, it can't be a proportional increase so that means someone has to make up for it. No prizes on who that 'someone' is going to be. *coughs* Saudi *coughs*