The Financial Post reports in its Tuesday edition that OPEC+ has outlined a plan to gradually increase its oil production, leading to discussions about whether the market can absorb the additional supply. A Bloomberg dispatch to the Post reports that during a meeting in Riyadh, Saudi Arabia, an agreement was reached to extend voluntary output cuts by key members such as Saudi Arabia and Russia into next year. However, the plan also involves rolling back these supply reductions in October, which is earlier than some experts had anticipated. The response to the deal has been mixed, with some analysts emphasizing the stability and predictability resulting from the extended cuts, while others are skeptical about OPEC+'s ability to implement production increases next year in the face of rising rival supplies. The decision to provide forward guidance on tapering is expected to please officials in Washington who prefer moderate oil prices, as noted by RBC's Helima Croft. However, the schedule for winding down the cuts is aspirational rather than binding, and it is unlikely to be implemented if market conditions deteriorate sharply. The deal indicates that Saudi Arabia is striving to strike a balance between competing interests.