OPEC+ loomed large in the oil markets in 2023. Their actions - or inactions - coincided with two out of the three largest daily price moves. In 2024, the call on OPEC production is seen declining as other production rises. OPEC is reporting increases of U.S. production of 1.2 million barrels per day by the end of the year while demand growth is decelerating. With OPEC+ agreed-upon production cuts for the first quarter scheduled to unwind "gradually subject to market conditions" after March, traders will be looking for clues on their plan. Can OPEC agree on enough cuts to support the oil price, or will the market ... (full story)