OPEC+ reconvenes after wrangling over production rise

LONDON: The members of the OPEC+ alliance of oil producing countries reconvened on Friday, a day after failing to reach agreement on production quotas from August onwards.

Thursday was a busy day of video-conferencing for the alliance’s ministers, starting with a meeting between the 13 members of OPEC proper led by Saudi Arabia, followed by a technical meeting (JMMC) and full discussion between the 23 members of OPEC+.