Why OPEC+ will likely hike next month's oil-output quota — even as prices just posted their biggest weekly drop since June

Core Viewpoint - OPEC+ is anticipated to agree on another monthly increase in oil-output quotas despite forecasts of a global supply surplus in the coming years [1] Group 1 - OPEC+ is a coalition of major crude-oil producers [1] - The meeting this week is expected to result in a decision on oil-output quotas [1] - There are expectations for a global supply surplus in both this year and the next [1]