OPEC+ Calls Last-Minute Talks Ahead of Decision on Oil Cuts
- Cartel is considering whether to delay January supply hike
- Informal meeting to be held Sunday, rescheduled from Saturday
This article is for subscribers only.
Saudi Arabia and Russia summoned a small group of OPEC+ countries for last-minute talks this weekend, just before it’s due to decide whether to delay January’s output increase.
A clear majority of OPEC+ watchers expect the group to maintain their supply curbs at current levels for a few months longer due to lingering uncertainty about the strength of demand. However, the decision is by no means certain amid public complaints from Iraq and Nigeria, and private discord with the United Arab Emirates.