Opec has completed its 175th meeting without announcing any new deal in crude output reduction.
Members of Opec have tentatively agreed to cut output but are holding off on a final decision before further discussions with 11 non-Opec producers led by Russia on Friday, according to Upstream, a sister publication of TradeWinds.
A final announcement is expected on Friday.
Before the meeting started, Saudi Arabia’s energy minister Khalid al-Falih had said that the largest producer in Opec was hoping for consensus on a production cut to help balance global supply and demand.
