OPEC+ talks on oil output cuts postponed to December 3
OPEC+ ministerial meeting scheduled for December 1 has been postponed to December 3, according to a letter for the member-states’ delegates, according to TASS.
Two sources at the oil cartel confirmed this report. The letter says that the meeting is due to be held at 16:00 Moscow Time on Thursday via video conference.
Before the meeting the parties will hold informal consultations, one of the sources told TASS. Earlier OPEC+ countries failed to come to terms on oil output cuts in the coming months of 2021.
OPEC+ is a group of oil-producing countries, made up of OPEC members and 10 other non-OPEC members, including Russia.
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