OPEC+ likely to stick to existing output policy tomorrow: report

Logo of OPEC

The Organization of the Petroleum Exporting Countries, Russia and other allies (OPEC+) is likely to stick to their existing policy of gradual oil-output increases during their meeting tomorrow, March 2, Reuters reported, citing sources familiar with the matter.

Russia's invasion of Ukraine has not so far affected the functioning of the supply agreement, the sources added.

OPEC+ is expected to meet tomorrow amid the geopolitical tensions on Russia’s invasion of Ukraine, which drove oil prices above $100 per barrel.