OPEC+ Rollover Agreement Likely Scenario, Meeting Could Be Delayed Again

Amid a flurry of unrest amid the OPEC+ oil group, a rollover of the prior agreement is the likely scenario, with deeper production cuts being less likely, four OPEC+ sources told Reuters on Tuesday. The next meeting to discuss the plan for 2024 oil production among the group was previously pushed back to this coming Thursday as production levels for the group’s African producers proved to be a bone of contention. And now, it appears that a further delay is possible—although the group appears to be closer to a compromise over the levels…