OPEC and its allies decided to stay the course on its crude output plan after its latest meeting overnight, with the cartel to increase output by 400,000 barrels per day, despite some members failing to meet its production targets and surging demand.
Underperformance, market volatility leads to surging prices
The virtual meeting reportedly took just 15 minutes. Brent Crude prices are currently hovering around US$90 per barrel, exacerbated by tensions between Russia and Europe around Ukraine...
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