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Talks Will Go On As Long As Needed-Kremlin Spox: BBG

OPEC

Bloomberg reporting comments from a conference call involving Kremlin spokesman Dimitri Peskov stating that OPEC+ talks will continue as long as they are needed to reach a deal. BBG also reports Peskov declined to comment when asked on the severity of the crisis within OPEC+ and what Russia would do to try to facilitate an agreement.

  • Talks remain ongoing over August production levels, with Saudi Arabia and the UAE still failing to reach a consensus on whether to keep productions levels around the current area (favoured by Saudi Arabia) or to raise them as demand continues to ramp up (UAE).
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