OPEC and its allies are regrouping over the weekend following signals from US President Donald Trump that American producers would not be joining any production cut and a rift between Saudi Arabia and Russia put Monday’s planned summit on the ropes. Delegates said the meeting of OPEC, Russia and other major oil producers could be pushed back to Wednesday, or Thursday, to give them more time to strategize how to combat the oil market crisis caused by the coronavirus pandemic. Ministers had been contemplating plans to claw back 10 million b/d – about 10% of global supply – contingent on the US and other countries, such as Canada and […]