OPEC+ Talks Hit Stalemate on Africa Oil-Output Quota Dispute
- Delegates say talks are at a stalemate two days before meeting
- Angola is resisting a proposal to reduce its production limit
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OPEC+ is no closer to resolving the deadlock over oil-output quotas for some African members that has already forced the group to delay a critical meeting amid faltering prices, according to delegates.
The Saudi-led alliance hasn’t been able to reach an agreement with Angola and Nigeria, which are pushing back against lower quota limits for 2024 that reflect their diminished production capabilities, delegates said, asking not to be named because the information was private. The stalemate may not be resolved before the scheduled OPEC+ meeting on Nov. 30, potentially requiring a further delay, one delegate said.