RIYADH: The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, have kept its output policy unchanged, as oil prices hit their highest in five months.
The producers’ alliance made the decision during the 53rd meeting of the Joint Ministerial Monitoring Committee that took place via videoconference on Wednesday.
The meeting reviewed the crude oil production data for January and February 2024, the market situation, and members’ implementation of output cuts.