OPEC+ signals it will to stick to plan despite Ukraine invasion

Published by
Reuters UK

By Alex Lawler and Ahmad Ghaddar LONDON (Reuters) -Saudi Arabia on Tuesday reaffirmed its commitment to an OPEC+ agreement with Russia in the oil markets despite widening sanctions on Moscow and global outrage over its military assault on Ukraine. The Organization of the Petroleum Exporting Countries and its allies led by Russia – a group known as OPEC+ – have been unwinding historic production cuts they instated in 2020 after the pandemic caused an unprecedented fall in global demand. Then, former U.S. President Donald Trump intervened to encourage Riyadh and Moscow to end a price war and wor…

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