OPEC+ Resumes Oil Policy Talks amid Saudi-UAE Standoff
Voice of America
DUBAI - OPEC+ ministers will look to salvage their 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. They center on raising output from August, partly to help cool oil prices trading at 2-1/2 year highs, with Brent around $76 on Monday. Those prices are prompting concerns about inflation derailing a global recovery from the pandemic.
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