OPEC+ Talks Extend to a Second Day

The transcript discusses the ongoing OPEC+ meeting, focusing on the disagreements between Russia and Saudi Arabia regarding oil production levels. Most OPEC members, including Saudi Arabia, oppose Russia's proposal for a supply hike, preferring to maintain current output levels due to market fragility. The transcript also reviews historical disagreements that led to oil price collapses and highlights concerns about a new virus strain affecting market stability. Future meetings are planned to address these issues.

What impact does the new strain of the virus have on the oil market according to the text?

What are the differing focuses of Russia compared to other OPEC members regarding oil market strategies?