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

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 pause hikes for the first quarter. Early this month, the eight OPEC+ members that have been implementing…

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