OPEC+ Begins Talks on Delaying Oil Output Restart Again
- Postponement of several months is discussed, delegates say
- The group will meet on Dec. 1 to agree on output policy
This article is for subscribers only.
Key OPEC+ nations have begun discussions to delay the oil production restart planned for January, potentially for several months, delegates said.
The nations doubt that they can go ahead with the 180,000 barrel-a-day increase currently scheduled for January, and may also need to postpone further hikes planned for the following months, amid signs of a global oversupply, said the delegates, who asked not to be identified as the talks are private.