Opec+ faces reckoning on Russia despite efforts to ignore crisis

No discussion: A file picture showing a petrochemical production complex. Opec , which only considers the fundamentals of supply and demand and not geopolitics, sees no need to discuss the invasion of Ukraine. —Bloomberg

NEW YORK: The Organisation of the Petroleum Exporting Countries Plus (Opec+) is doing its best to ignore the war started by one of its leading members, but it may not be able to manage it for much longer.

Russia’s invasion of Ukraine, oil’s surge above US$110 (RM462) a barrel and the resulting mayhem in financial markets barely figured in the cartel’s meeting.