OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been reached.
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.
OPEC+ calls off meeting as UAE, Saudi spat continues | Oil and Gas News | Al Jazeera
![The failure of the talks, sources said, means an expected increase in oil output from August will not take place - and this helped drive up international benchmark Brent oil Monday [File: Bloomberg]](https://www.aljazeera.com/wp-content/uploads/2021/04/370584069-1.jpg?resize=770%2C513)
The failure of the talks, sources said, means an expected increase in oil output from August will not take place – and this helped drive up international benchmark Brent oil Monday [File: Bloomberg]