OPEC oil output is rising in March, a Reuters survey found, as higher supply from Iran after the lifting of sanctions and near-record exports from southern Iraq offset maintenance and outages in smaller producers. The survey also found no major change in production in top exporter Saudi Arabia – another sign that Riyadh is serious about freezing output to support prices, which hit a 12-year low near $27 a barrel in January but have since recovered to $40. Producers are meeting on April 17 in Qatar to discuss the plan. “The production freeze has put a floor under the price,” said Carsten Fritsch, analyst at Commerzbank. “We see a risk of a short-term setback if the meeting produces a disappointment.” Supply from the Organization of the Petroleum […]