OPEC+ agrees in principle to keep planned pause in oil output hikes for March, sources say

Eight OPEC+ ‌countries have agreed in principle to maintain ⁠a planned pause in their oil output hikes for ​March, according to three ‍OPEC+ sources and a draft statement seen by Reuters ⁠ahead ‌of ⁠their Sunday meeting.

The countries had ‍agreed the pause in ​output hikes for the first ⁠quarter in November. The ⁠formal meeting is now scheduled for 1400 GMT, ⁠two of the sources ⁠said.

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