Russia's invasion of Ukraine has choked off supplies of energy to Europe and driven up prices worldwide. But major oil producers decided on Thursday to stick with their schedule and open up their taps gradually.

Members of OPEC met online to revisit their production plans along with their allies, including those in Russia. They agreed to add to production in June by 432,000 barrels per day. They said the outlook points to "a balanced market."

Prices were rising even before Western leaders placed sanctions on Russian energy. Leaders in the US, India, and elsewhere have pressured the cartel to increase output.

Members of the International Energy Agency forecast Russia's production could drop starting later this month by 3 million barrels per day.

European Union leaders are considering a ban on Russian energy. Some Europeans fear the disruptions will lead to even higher prices in the months ahead.