Explained | Why OPEC+ members find it hard to agree on oil production quotas
London: OPEC+ has postponed its November meeting by a few days and sources within the group say production targets were one of the key flashpoints of disagreement.
Why are quota discussions so fraught?
OPEC+ negotiations over production quotas have often been difficult in the past.
Oil production tends to vary month by month, making it difficult to fix on a permanent production target.
So the higher a production reference level a country can negotiate, the less it actually has to cut to comply with its targets.
What did OPEC+ agree at its last meeting?
