Opec+ postponed a much-delayed meeting planned for Monday night in order to consider the UAE's position regarding the baseline used to calculate its production quota. AFP
Opec+ postponed a much-delayed meeting planned for Monday night in order to consider the UAE's position regarding the baseline used to calculate its production quota. AFP

Business

Energy

US oil rallies to 7-year high amid Opec deadlock

Failure by alliance to agree on future production increases leaves the market undersupplied

Jennifer Gnana
Jennifer Gnana

July 06, 2021