OPEC+ weighs fresh output cuts to boost oil price
VIENNA: A meeting of major oil producers got underway on Sunday to consider slashing output further in a bid to prop up prices, amid tensions between Riyadh and Moscow.
The 13-member Organization of the Petroleum Exporting Countries (OPEC)) led by Saudi Arabia is consulting with 10 other oil majors, including Russia, to review the grouping’s future output policy.
The in-person OPEC+ meeting opened at the group’s headquarters in Vienna in the early afternoon, about three hours later than scheduled, a source close to the talks told AFP.
