OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday as they gathered in Saudi Arabia, rejecting calls to pump more to ease pressure on prices. The Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+, agreed on Feb. 2 to stick to moderate rises in oil output, citing persistent uncertainty. The Saudi energy minister Prince Abdulaziz bin Salman told an industry conference in Riyadh the pandemic and the recovery underway “have taught us the value of caution.” ... (full story)