Oil cartel OPEC and allied countries are deciding how much oil to feed into the global economy as crude prices hover near seven-year highs — spiking gasoline costs — and fears of a Russian military move against Ukraine add to jitters over supply.
The likely outcome of Wednesday's online meeting, analysts say, will be to maintain the 23-member OPEC+ alliance's plan to gradually restore production slashed during the depths of the coronavirus pandemic in 2020. That means adding back 400,000 barrels per day each month, in this case for March.
