The upcoming OPEC meeting should be lively.  Pretty much expecting a virtual food fight between Saudi Arabia + Russia vs. the rest of OPEC nations.  After the food fight, I'm expecting an increase from Russia + Saudi Arabia, perhaps a compromise of 500k bpd. Going into the food fight, Russia is calling for 1.5m bpd increase, knowing full well Iran and most of the remaining OPEC nations either don't want or are unable to increase production. Hence my guestimate of an overall compromise