OPEC Plus Agrees in Principle to Maintain Oil Output Levels through March
OPEC Plus producers agreed in principle to hold output steady for March. The decision comes as Brent prices hover near six-month highs amid geopolitical risks.
Insights:
OPEC+ (Organization of the Petroleum Exporting Countries plus Russia 
RUand other allies) pumps about half of the world’s oil. On Sunday, eight members of the group agreed in principle to keep oil output unchanged for March, according to three delegates and a draft statement seen by Reuters. The meeting, which was scheduled to start at 1400 GMT according to two sources, involved Saudi Arabia 
SA, Russia, the United Arab Emirates 
AE, Kazakhstan 
KZ, Kuwait 
KW, Iraq 
IQ, Algeria 
DZ, and Oman 
OM.
RUand other allies) pumps about half of the world’s oil. On Sunday, eight members of the group agreed in principle to keep oil output unchanged for March, according to three delegates and a draft statement seen by Reuters. The meeting, which was scheduled to start at 1400 GMT according to two sources, involved Saudi Arabia SA, Russia, the United Arab Emirates AE, Kazakhstan KZ, Kuwait KW, Iraq IQ, Algeria DZ, and Oman OM.
