OPEC+ abandons oil policy meeting after Saudi-UAE clash
The Hindu
OPEC+ sources said there had been no progress in resolving the matter and Monday’s meeting was called off.
OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates balked at a proposed eight-month extension to output curbs. Saudi energy minister Prince Abdulaziz bin Salman on Sunday called for “compromise and rationality” to secure a deal after two days of failed discussions last week. But on Monday, OPEC+ sources said there had been no progress in resolving the matter and Monday’s meeting was called off. No new date was agreed.
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