Opec and its allies are waiting, among other things, to see how the new sanctions will affect the oil market.
Oil exporting countries the organization Opec and its allies have decided to keep their oil production at the current level. The news agencies AFP and Bloomberg.
In practice, the decision means that the so-called Opec+ waits for the time being to see how the new Russian sanctions that come into effect on Monday and the development of demand in China will affect the international oil market.
Opec+, which also includes Russia, decided at its previous meeting in October to cut daily oil production by two million barrels.