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The Independent UK

National

Via AP news wire

OPEC, allies weigh oil output amid high prices, Russian war

Russia OPEC Ukraine Amy Myers Jaffe

Copyright 2020 The Associated Press. All rights reserved.

The leaders of OPEC and its oil-producing allies are deciding Wednesday how much oil to release while Russia's invasion of Ukraine rattles markets, reshapes alliances, kills civilians and sends the price of crude skyrocketing.

The OPEC+ coalition of oil producers — made up of OPEC members led by Saudi Arabia and non-cartel members led by Russia — is weighing whether to increase oil production by 400,000 barrels per day in April.

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