The OPEC+ talks stalled on Monday after the group failed to reach a consensus on the best path forward for oil production, the body reported on Monday afternoon. OPEC and non-OPEC’s Ministerial Meeting held on Monday will now resume on Tuesday, January 5, giving the group more time to discuss amongst themselves and come to some sort of agreement on February’s oil production. The group has been unable to—so far—reach an agreement, with some countries lobbying hard for a 500,000 barrel per day output increase and others hoping to stay the course given the still-slackened demand and little signs of an uptick as lockdowns and a new extra-virulent Covid-19 strain begins to spread in more countries. The two heavyweights in the group, Russia and Saudi Arabia, are once again at the opposite end of the spectrum, with Saudi Arabia pressuring the group to rollback the additional production rolled out […]