OPEC+ likely to maintain oil output pause for March as prices climb

The meeting of eight members of OPEC+ follows an 8 per cent jump in oil prices so far this month

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OPEC+ is expected to keep its pause on oil output increases for March at a meeting on Sunday, three OPEC+ delegates told Reuters, with prices rising due to a drop in Kazakhstan' oil production.

‘The meeting of eight members of OPEC+, which pumps about half the world's oil, follows an 8 per cent jump in oil prices so far this month to exceed $66 a barrel despite concern that a supply glut would push prices down.