REUTERS/Ramzi BoudinaDUBAI/LONDON (Reuters) - OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two days of talks that start on Monday, OPEC+ sources told Reuters.
Sources have said talks were now focusing on extending cuts by three to four months or gradually increasing output from January, a position supported by Russia.
Kazakhstan, a member of OPEC+, has opposed extending the oil cuts into next year and has instead called for increasing output in line with the existing agreement, one source said.
“Today meeting will be difficult, especially if Russia and Kazakhstan didn’t change their position,” the OPEC+ source said on Monday.
The meeting of OPEC, which precedes a gathering of the wider OPEC+ alliance, was expected to start at 1300 GMT on Monday.
Ramzi Boudina, OPEC’s
Organization of, Petroleum, REUTERS, Reuters
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