OPEC+ Poised to Maintain Oil Output in March as Brent Breaks $70

OPEC+ Poised to Maintain Oil Output in March as Brent Breaks $70

The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes in March even as Brent Crude prices hit $70 per barrel this week for the first time in five months, delegates from the alliance told Reuters on Friday. The OPEC+ group meets online on February 1 to discuss output levels, and it is widely expected to keep oil production levels flat in March, as it had pledged in November to …

OPEC+ Set to Keep Oil Production Pause for March as Prices Jump, Sources Say - Energy News, Top Headlines, Commentaries, Features & Events

By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler OPEC+ likely to keep current output policy, sources say Brent crude prices rise to highest since August Kazakhstan’s Tengiz oilfield recovering from disruptions LONDON, Jan 30 – OPEC+ is likely to keep its pause on oil output increases for March when it meets on Sunday, five delegates ...

Opec+ set to keep oil production pause for March as prices jump

Opec+ likely to keep current output policy, sources say Brent crude prices rise to highest since August Kazakhstan’s Tengiz oilfield recovering from disruption Opec+ is likely to keep its pause on oil output increases for March when it meets on Sunday, five delegates told Reuters, even as crude climbs above $70 a barrel on concern the US could launch a military strike on Opec member Iran. The meeting of eight Opec+ members, which pump about half…

OPEC+ set to keep oil production pause for March as prices jump, sources say

OPEC+ likely to keep current output policy, sources sa