Energy

Oil output policy decision in focus as prices rise

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The logo of the Organization of the Petroleum Exporting Countries (OPEC) at the headquarters.

Omar Marques | LightRocket | Getty Images

LONDON — OPEC and non-OPEC ministers will reconvene on Friday to discuss the next phase of oil production policy after a preliminary agreement was thought to have been blocked at the last minute the day before.

The energy alliance, often referred to as OPEC+, will meet via videoconference on Friday afternoon to decide on whether to keep output policy unchanged or to ramp up supply further.

The unexpected rescheduling of the meeting comes after the United Arab Emirates reportedly objected to a plan for an easing of cuts and their extension to the end of…



Source cnbc.com

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