OPEC+ Calls Last-Minute Talks to Prepare for Oil-Cuts Decision

OPEC+ Calls Last-Minute Talks to Prepare for Oil-Cuts Decision

Photographer: Vincent Mundy/Bloomberg









Photographer: Vincent Mundy/Bloomberg





Saudi Arabia and Russia summoned OPEC+ ministers who oversee their oil production cuts for last-minute talks on Saturday, as the cartel prepares for a decision on 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.