OPEC+ Says Delayed Meeting Will Be Held Online
- Group is struggling to reach agreement on African quotas
- Oil fell as much as 4.9% Wednesday amid signs of discord
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The delayed OPEC+ meeting next week will be held online instead of in-person as the cartel wrangles over production levels amid a slump in oil prices.
Saudi Arabia and its allies are embroiled in a dispute over output quotas for African members. The disagreement has forced the group to push back its scheduled conference by several days to Nov. 30, sending crude plunging by as much as 4.9% to below $80 a barrel in London on Wednesday.