OPEC+ Weighs Unlikely Output Surge Amid Risk of New Oil Glut
• OPEC+ may decide to "flood the market" with oil, though seen as unlikely • OPEC+ to announce output quota decision on Thursday, after postponing Sunday meeting • Saudi Arabia and Russia lead OPEC+ group of major oil producers • Flood could lead to lower oil prices in short term, but risks supply falling behind demand • History suggests the scenario could repeat, recalling 2015-16 oil glut