Ministers from major oil exporting countries decide to keep current output levels unchanged, OPEC+ sources say
Oil prices have declined since October due to slower Chinese and global growth and higher interest rates.
OPEC+ has agreed to stick to its oil output targets, as the oil markets struggle to assess the impact of a slowing Chinese economy on demand and a G7 price cap on Russian oil on supply. The decision at a meeting on Sunday comes two days after the Group of Seven nations agreed a price cap on Russian oil.
OPEC+, which comprises the Organization of the Petroleum Exporting Countries and some other nations including Russia,
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