: OPEC+ meeting set for Sunday delayed due to disputes over output levels: reports

A meeting of the Organization of the Petroleum Exporting Countries and its allies — together known as OPEC+ — scheduled for Sunday has been delayed, according to news reports. Bloomberg , citing delegates, said the meeting will take place later this weeks. The report said the delay came as talks stalled due to Saudi Arabia’s dissatisfaction with production levels by other members. Saudi Arabia in July implemented an additional, voluntary cut of 1 million barrels a day, which it has extended through the end of this year. The meeting is now set to take place Nov. 30, CNBC reported. Oil futures extended a drop, with U.S. benchmark West Texas Intermediate crude CL00CL.1 dropped 4.3% to trade below $73.50 a barrel on the New York Mercantile Exchange.

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