OPEC+ Technical Meet Unlikely to Go Ahead

An OPEC and non-OPEC technical meeting planned for March 18 in Vienna is unlikely to go ahead, three sources with knowledge of the matter said. A deal to cut oil output struck by the Organization of the Petroleum Exporting Countries and allies led by Russia - a grouping known as OPEC+ - is due to expire at the end of this month.

Last week, OPEC+ failed to reach a deal to deepen oil supply cuts or to extend existing curbs. On Thursday, Russian Energy Minister Alexander Novak told reporters the technical meeting was likely to be held via video conference.