OPEC+ deal seen on track despite Russia’s Ukraine invasion

A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia’s invasion of Ukraine, OPEC+ sources said, and the group is likely to stick to a planned output rise at a meeting next week despite crude topping $100 a barrel.

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meets on March 2 to decide whether to increase output by 400,000 barrels per day (bpd) in April.