The Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, announced that it would stick to existing plans for a modest oil increase of 400,000 barrels per day. The Organisation said on Wednesday that it would take effect from April in spite of surging crude prices. OPEC+ reconfirmed “the decision to adjust upward the monthly overall production by 400,000 barrels per day for the month of April 2022,“ according to a statement released after the 26th OPEC and non-OPEC Ministerial Meeting. The 23-member oil alliance noted in the statement that the current volatility in the oi…