OPEC and its allies continued to haggle over the size of potential crude-production cuts in Vienna on Dec. 5 as U.S. President Donald Trump urged the group to keep the taps open and prices down.
With just a day to go before a critical OPEC summit, most producers made clear they agree on the need for a cut in oil production, without explaining how they’ll turn that desire into a reality. Preparatory talks between Saudi Arabia and Russia Dec. 5 yielded no breakthrough, putting pressure on both to push for a deal at a wider meeting later in the day.
