The alliance of some of the world’s biggest oil producers said on Monday it wouldn’t boost oil production beyond the 400,000 barrels per day (bpd) that it has been adding each month, shrugging off pressure from big consumers, such as the US and India, to rein in spiraling oil prices. The OPEC+ delegates pointed to the uncertainty around the still raging pandemic for their cautious approach. The decision by the OPEC+ — an alliance between the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, and a handful of other oil producers, helmed by Russia — sent crude prices to multiyear …
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