EU’s Russian oil ban unlikely to affect OPEC+ decision ...Middle East

LONDON: Saudia Arabia, Russia and their allies are likely to stick to their policy of modest oil output increases when they meet Thursday after the EU banned most imports from Moscow.European Union leaders agreed on Monday to ban more than two-thirds of Russian oil imports, tightening economic screws on the country over its invasion of its neighbour Ukraine.This has caused oil prices, which have already hit record highs so far this year, to soar further amid pressure on the 23-member OPEC+ to open tabs more widely and relieve the market.Brent, the international benchmark, hit a two-month high above $124 per barrel while the US contract, WTI, topped $119.But analysts say OPEC+ will stick to i

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EU’s Russian oil ban unlikely to affect OPEC+ decision ...Middle East

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