OPEC+ Likely to Stick With Supply Pause in March, Delegates Say

OPEC+ delegates said they’re currently expecting to stick with plans to keep oil production steady next month when they meet on Sunday, as the group deals with a global surplus and a wave of geopolitical risks.

Key members led by Saudi Arabia and Russia will hold a monthly video conference to review a decision — first made in November — to freeze output levels during the first quarter after rapidly reviving production last year.