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OPEC+ Calls Off Wednesday Technical Talks

OPEC+ failed to reach a deal to deepen oil supply cuts or to extend existing curbs, deepening a slide in oil prices.

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An OPEC and non-OPEC technical meeting planned for Wednesday in Vienna has been called off, a source with knowledge of the matter said.

A deal to cut oil output struck by the Organization of the Petroleum Exporting Countries and allies led by Russia - a grouping known as OPEC+ - is due to expire at the end of this month.

On March 6, OPEC+ failed to reach a deal to deepen oil supply cuts or to extend existing curbs, deepening a slide in oil prices.

(Reuters)


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OPEC+ Pact technical Petroleum Exporting