RIYADH: The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agrees to stick to the existing policy of gradual oil output rises by 400,000 barrels per day in April, OPEC said in a statement. 

This came after the OPEC+ Joint Ministerial Monitoring Committee recommendation of sticking to the existing plan.  

The group will hold its next meeting on March 31, OPEC a statement.