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Opec+ talks delayed as countries fight over oil output

A lack of consensus led the Organization of Petroleum Exporting Countries, Opec, to postpone negotiations Monday. The Opec+ ministers are now set to meet again Thursday rather than Tuesday.

Photo: Ramzi Boudina/Reuters/Ritzau Scanpix
By Grant Smith, Javier Blas and Salma El Wardany, Bloomberg
Published:

OPEC+ talks were delayed for two days to give ministers more time to reach a deal, after a long and tense meeting on oil production broke down without agreement.

The delay, set out in a letter seen by Bloomberg, was the most dramatic sign yet of the deep division inside the cartel after hours of talks on Monday yielded no result. OPEC+ ministers will now meet on Thursday rather than Tuesday to allow time for "further consultations." Talks will continue by phone.

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