OPEC+ Struggle Over African Quotas Forces a Delay to Meeting

Group’s talks pushed back from this weekend to Nov. 30
Members from Africa unhappy with revised production limits

WATCH: OPEC+ delayed the meeting scheduled for this weekend amid dissatisfaction by Saudi Arabia with other members’ oil production levels.Source: Bloomberg

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By Grant Smith, Fiona MacDonald, and Salma El Wardany

November 22, 2023 at 5:43 PM UTC

Updated on

November 23, 2023 at 1:45 AM UTC

This article is for subscribers only.

Saudi Arabia and its oil allies are once again struggling with a dispute over output quotas for African members, forcing the group to delay a critical meeting.

The 23-nation OPEC+ coalition has pushed back a gathering to finalize output levels for 2024 by four days to Nov. 30. Delegates say they’re seeking extra time as Angola and Nigeria chafe at lower targets pressed on them by more powerful members.