OPEC+ fails to reach output deal with talks kicked to Monday

Negotiations will resume next week after what's likely to be a weekend of furious diplomacy. The U.S. has already voiced concerns about rising gasoline prices as oil tops $75 a barrel.

OPEC and its allies abandoned oil-supply negotiations until Monday as a rebellion by a key member threatened the unity of the alliance.
 

Talks ended without a deal to increase output after the United Arab Emirates doubled down on demands for better terms. The impasse -- which had already pushed discussions into a second day -- risks upsetting the cartel’s management of the oil market’s post-pandemic recovery just as consumer nations fret about the impact of higher prices.
 

Negotiations will resume next week after what’s likely to be a weekend of furious diplomacy. The U.S. has already voiced concerns about rising