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Sunday OPEC+ meeting delayed to Nov. 30

Clyde Edgerton by Clyde Edgerton
November 22, 2023
in Markets
Sunday OPEC+ meeting delayed to Nov. 30
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A meeting of the Organization of the Petroleum Exporting Countries and its allies — together known as OPEC+ — initially scheduled for Sunday has been delayed to Nov. 30, OPEC said Wednesday. Bloomberg reported that the delay came as talks stalled due to Saudi Arabia’s dissatisfaction with production levels by other members. Saudi Arabia in July implemented an additional, voluntary cut of 1 million barrels a day, which it has extended through the end of this year. The meeting is now set to take place Nov. 30, CNBC reported. Oil futures extended a drop, with U.S. benchmark West Texas Intermediate crude CL00 CL.1 dropping…

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