Group 1 - OPEC+ representatives are set to meet in Vienna to discuss methods for assessing the maximum sustainable production capacity of the alliance, which accounts for nearly half of global crude oil output [1][2] - The meeting is contentious as some member countries, like the UAE, are pushing for higher quotas due to increased capacity, while some African members are experiencing declines [1][2] - Angola plans to exit OPEC+ in 2024 due to disagreements over production targets, highlighting internal conflicts within the organization [2] Group 2 - OPEC+ ministers have requested the establishment of a mechanism to evaluate each member's maximum sustainable capacity, which will serve as a production benchmark for 2027 [2] - Since April, OPEC+ has been gradually increasing production after lifting previous cuts, primarily to regain market share [2] - Brent crude oil futures are trading around $68.5, a price that is insufficient for countries like Saudi Arabia to cover government expenses [2] - Saudi Arabia holds a dominant position within OPEC and is one of the few countries that can rival Russia in terms of influence within the broader OPEC+ framework [2] - Despite low international oil prices, OPEC+ continues to push for increased production to compete with non-OPEC+ oil-producing countries like the United States [2]