According to Jinshi Data on September 3, Helima Croft of Royal Bank of Canada Capital Markets said that if OPEC+'s gradual production increase plan proves to undermine market stability, Saudi Arabia may decide to adjust the organization's production increase strategy.
She added that it would be prudent for OPEC+ to hold off on its plans due to ongoing demand concerns, but the group may believe that impending U.S. rate cuts and falling Libyan output leave more room in the market.