Opec+ seen sticking to oil rise plan despite EU sanctions ...Qatar

Opec+ is set to stick this week to its monthly modest oil output increases despite seeing tighter global markets, five Opec+ sources said on Wednesday as the group fast approaches its maximum production capacity. Oil prices rallied above $124 per barrel this week following new EU sanctions against Russia over its invasion of Ukraine and China’s recovery from the latest Covid-19 lockdown. The world’s most industrialised countries, known as G7, called again this week on Opec to help ease a global energy crunch that worsened as a result of Western sanctions imposed on Russia. Opec, which meets on Thursday together with allies such as Russia as part of a group called Opec+, has repeatedly rebuf

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