It is not clear to me from the photo where the exact source of the leak is; but, like Ron advises I would check to make sure that the fuel is not leaking from the hose connection where it is crimped to the injector. Remove the injector from the from the holder; but leave connected to the fuel rail. You will probably need to pull all four injectors out of their holders to do this without bending the fuel rail. Wipe clean and dry off the outside of the injector then pressurize the fuel system by turning the ignition on to run the pump through its prime cycle. Then closely inspect the injector to see where the fuel is emerging from. If it is emerging from the base of the hose where it crimps to the injector body, as Ron notes that is easily repairable. If it is emerging from the seam between the blue plastic top and the metal lower body part my recommendation is replacement.
For replacing the hose, you need something like a dremel tool with a cut off wheel to slice the metal crimp lengthwise on the hose. Once the crimp is mostly cut through the clamping pressure is relieved and the hose should pull off the injector body. If you want the injector to look exactly like original, you can take the injector to a hydraulics shop and they should be able to attach a new section of hose with a compression fitting. If you don't need to be original, the injector end fitting is barbed and you can shove a length of 5/16" hose on to the injector stub and clamp it with a banded clamp just like it is clamped on the fuel rail end. Use a good quality fuel line made for fuel injection systems. I have been through at least three iterations of not so good fuel injection hose. I am currently using Gates Barricade MPI hose which has proven to be the most durable hose so far (3+ years without leaking). I have heard that Cohline makes very good fuel injection hose; but, it is rather hard to source and have no direct experience with it.
If it turns out that the injector is leaking from the hose stub you might want to consider replacing the other three injector hose stubs because those hoses are likely near the end of their life. If you do that, you might want to consider sending all four injectors off to someone like RC Fuel Injection Services
RC Fuel Injection
Check their services. I believe that if you send a barb style injector like yours to them for cleaning they can (or will) replace the hose stub with a new stub. Cleaned injectors with new hose stubs will always be a good thing.
If it turns out that the injector is leaking from that body seam I recommend a trip to the trash can. Beck Arnley makes an exact replacement for the original Bosch injectors. The part number is 158-0438. This injector is an exact match in every way except for the color. Rock Auto sells them for around $52 US$ and you can find them listed as low as $46 at some Amazon vendors. I have been using four of these injectors on my B20E since 2015. At the price of the new Beck Arnley injectors, you have a "Do I send them out for cleaning versus just replace them?" decision.
Ron is also correct that you should, as a minimum, replace the pintle seal (the one on the injector tip). If it is more than a couple of years old it will not reseal once it has been disturbed. The Volvo part # is 419785. Replacement of the the large rubber cushion / ring around the injector body will not hurt - part # 419784. If you don't disturb the aluminum injector holder that is bolted to the head the O ring under that holder should be OK. If you disturb the injector holder then that O ring must be replaced. Lots of silicone spray oil or grease applied to the pintle seal and retainer ring will make it 'easier' to reinstall the injector in its holder.
Ron makes reference to thermal isolator washers. This was a refit to B20E and B20F engines to help with a hot restart problem. This picture shows the refit
Parts 38a and 38 are the refit kit. 38a is a phenolic washer (part # 962658) and 38 (part 960218) is a fatter O ring to accommodate the addition of 38a below the holder. This refit kit can improve starting problems (not eliminate them) when re starting a hot engine on a hot day. You don't need to do the refit; but, if you want to be able to restart a hot engine on a hot day it is a good idea.
These parts are available from VP Auto
Fuel injection P1800E/ES 1970-73 | VP Autoparts (vp-autoparts.com)
You may also be able to find them at the following
CVI
Start - We ship worldwide! (cvi-automotive.se)
Skandix
SKANDIX - Your quality choice in Volvo and Saab car parts
Scandcar
Classic volvo parts (classic-volvo.com)
Iroll Motors
IPDUSA
All of the above are all Volvo specialist suppliers and I have used them with good results. RockAuto may also have the parts so they are also worth a try.