Opec maintains oil targets amid uncertainty over Russian sanctions

With the global economy slowing, oil prices have been falling since summertime highs (Michael Probst/AP)

The Saudi-led Opec oil cartel and allied producers including Russia have not changed their targets for shipping oil to the global economy amid uncertainty over the impact of new western sanctions against Russia that could take significant amounts of oil off the market.

The decision at a meeting of oil ministers on Sunday comes a day ahead of the planned start of two measures aimed at hitting Russia’s oil earnings in response to its invasion of Ukraine.