Can a deal be struck to raise oil prices?

Opec+ will convene today over video link in a bid to boost crude

Russian oilfield
Oil pumping jacks, also known as ‘nodding donkeys’, operate at an oilfield in Russia
(Image credit: Andrey Rudakov/Bloomberg via Getty Images)

Major global oil producing nations will hold a virtual meeting today in an attempt to wrest control of freefalling crude prices.

Opec+, which includes members of the Organization of the Petroleum Exporting Countries (Opec) such as Saudi Arabia, as well as non-members including Russia, is due to begin talks at 2pm UK time.

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William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.