OPEC+ Resumes Oil Policy Talks amid Saudi-UAE Standoff
Voice of America
DUBAI - OPEC+ ministers will look to salvage their oil output talks on Monday after clashing last week when the United Arab Emirates balked at a proposed eight-month extension to output curbs.
Saudi energy minister Prince Abdulaziz bin Salman on Sunday called for "compromise and rationality" to secure a deal after two days of failed discussions last week. They center on raising output from August, partly to help cool oil prices trading at 2-1/2 year highs, with Brent around $76 on Monday. Those prices are prompting concerns about inflation derailing a global recovery from the pandemic.FILE - Indian players celebrate after beating Pakistan during T20 World Championship Cricket competition in Johannesburg, South Africa, Sept. 24, 2007. Pakistan's Shadab Khan, second right, celebrates with teammates after taking the wicket of New Zealand's Michael Bracewell during the fifth T20 international cricket match between Pakistan and New Zealand, in Lahore, Pakistan, April 27, 2024.
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British Prime Minister Rishi Sunak, left, leader of the Conservative Party, speaks to supporters during his visit to Melksham in southwest England, June 7, 2024. British Prime Minister Rishi Sunak, left, attends the UK national commemorative event for the 80th anniversary of D-Day, held at the British Normandy Memorial in Ver-sur-Mer, Normandy, France, June 6, 2024.
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