Oil Pares Losses After Dipping Below $100 OPEC and its allies are expected to rebuff calls this week to fill in the supply gap left by falling oil exports from coalition member Russia. The 23-nation group led by Saudi Arabia will probably ratify plans for another modest production increase scheduled for May when it meets on Thursday, according to a Bloomberg survey. Several delegates from the Organization of Petroleum Exporting Countries and its partners privately predict this outcome, and public comments from key nations point the same way. Russian oil exports have plunged by a quarter as many international buyers boycott the country following its invasion of Ukraine. Companies including Shell Plc and TotalEnergies SE have pledged to halt purchases on the short-term market and wind down long-term contracts. With oil prices holding above $100 a barrel, a lack of additional supplies to compensate for Russian losses threatens to […]