The Opec oil cartel and its allies have agreed to ramp up production of crude amid a surge in global demand, but did not exclude Russia from contributing to future increases despite its invasion of Ukraine. Ministers representing Opec’s 13 members and 10 non-Opec producers led by Russia, a grouping called Opec+, said on Thursday they would increase output by nearly 650,000 barrels a day in July and August, nearly two-thirds more than previously planned rises of about 400,000 barrels a day. Reports earlier in the week had suggested the cartel was considering excluding Russia from future quotas, in a move that could ... (full story)