OPEC+ sticks to its guns for March despite capacity, geopolitical concerns

OPEC and its allies on Feb. 2 decided to persist with another modest hike in crude production quotas for March, in the face of surging oil prices and rising geopolitical market risks. In a Groundhog Day meeting that wrapped up in a record low 16 minutes, the OPEC+ alliance arrived at the same conclusion as it has in the previous…