German commercial bank csi commodity equity index analyst Carsten Fritsch pointed out that OPEC+ is expected to decide on Thursday to further delay the production increase for three months, until the end of the first quarter. As this largely meets market expectations, the impact on oil prices may be neutral. However, uncertainties still exist. The UAE also needs to agree to the extension because six months ago they were allowed to gradually increase oil production by a total of 0.3 million barrels per day, with the plan originally scheduled to start in January. However, it is hard to imagine that voluntary production cuts would continue for another 3 months while allowing one country to increase production. In this context, a survey by institutions showed that the UAE significantly increased production in November, with daily production exceeding the agreed amount by nearly 0.35 million barrels, which could also lead to conflicts.