Oil markets are facing their greatest moment of uncertainty in decades ahead of a virtual meeting of OPEC+ — the alliance of OPEC and non-OPEC producers — on Thursday, which was delayed from Monday over persistent disagreements and abrasiveness between some leading member states.
In the spotlight will be whether countries can agree to communally cut crude production in order to salvage plunging prices at a time when no one is buying oil and the world is running out of places to put it.
