OPEC+ postpones meeting to decide oil production strategy to Dec. 5, delegates say

OPEC+ postpones meeting to decide oil production strategy to Dec. 5, delegates say


A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. 

Maxim Shemetov | Reuters

The OPEC+ oil alliance has postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources told CNBC.

The sources did not want to be named given the sensitivity of discussions.

The coalition, made up of the Organization of the Petroleum Exporting Countries and its allies, was initially scheduled to meet on Dec. 1. They will now confer virtually next week.

This breaking news story is being updated.



Source

Trump visits Texas flood zone, defends government’s disaster response
World

Trump visits Texas flood zone, defends government’s disaster response

U.S. President Donald Trump and first lady Melania Trump at Lackland Air Force Base before heading to Kerrville, Texas where they plan to visit with state and local leaders, first responders and victims of last week’s flash flooding. Chip Somodevilla | Getty Images News | Getty Images President Donald Trump defended the state and federal […]

Read More
Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal
World

Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal

Chief executive officer of Google Sundar Pichai. Marek Antoni Iwanczuk | Sopa Images | Lightrocket | Getty Images Google on Friday made the latest a splash in the AI talent wars, announcing an agreement to bring in Varun Mohan, co-founder and CEO of artificial intelligence coding startup Windsurf. As part of the deal, Google will […]

Read More
India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE
World

India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE

Investigative officials stand at the site of Air India Boeing 787 which crashed yesterday, on June 13, 2025 in Ahmedabad, India. Ritesh Shukla | Getty Images A preliminary report by Indian aviation accident investigators said on Saturday the fatal Air India crash that killed 260 people in Ahmedabad last month showed the plane engines’ fuel […]

Read More