Opec delays decision on releasing more oil to market as prices climb

Saudi Arabia and Russia are working towards a deal to cautiously release more barrels into the oil market in the coming months, as prices climb to the highest level in almost three years, but officials delayed a final decision on supply policy until Friday.

Opec and its partners outside of the cartel met virtually for preliminary gatherings on Thursday, but failed to come to an agreement on production levels. Pictured: The Burgan oilfield in Kuwait.
Opec and its partners outside of the cartel met virtually for preliminary gatherings on Thursday, but failed to come to an agreement on production levels. Pictured: The Burgan oilfield in Kuwait.Foto: Elin Høyland
Publisert 2. July 2021, kl. 05.52Oppdatert 2. July 2021, kl. 05.52