Oil’s Recovery Is Being Threatened by the Discord Rattling OPEC+
- Saudis, Russia are losing patience with Iraq’s errant behavior
- WTI oil ends little changed near the highest level since March
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Oil’s recovery from a historic crash is being frustrated by a standoff between some of the world’s biggest crude producers.
The OPEC+ alliance still hasn’t set a date for its next meeting that’s intended to approve an extension of its deepest output curbs aimed at propping up crude prices. That’s because group leaders Saudi Arabia and Russia have lost patience with the errant behavior of the next-biggest member, Iraq, according to people familiar with the matter.