OPEC+ sticks with plan to pause oil supply increases amid surplus concerns

OPEC+ will stick with plans to pause production increases during the first quarter, delegates said, amid growing signs of a surplus in global oil markets.Key members led by Saudi Arabia confirmed the three-month supply pause — first announced at the start of this month — during a video conference on Sunday, according to the delegates, who asked not to be identified as the talks are private.While the hiatus indicates some caution by the Organization of the Petroleum Exporting Countries and its partners after ...