Faced with a potential major disruption to Russian oil exports in the Ukraine crisis,and soaring oil prices,why isn't Opec-plus ramping up production to fi ll the hole and calm markets? That,after all,is why Saudi Arabia and other members maintain a large spare capacity cushion-to keep markets stable in the face of outages or other market disruptions.The answer,multiple Opec-plus sources say,is that the group believes the oil market's current geopolitical risk premium is beyond its control-and that,with Russia a core member,it's not worth testing the group's cohesion by swerving from their existing output plans.
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