For the oil traders – the OPEC+ meeting resumes again from 1430GMT

The Monday meeting dragged on until it was clear there would be no conclusion, so it is to continue Tuesday.

Adam had the heads up earlier:
  • OPEC to extend meeting until tomorrow – will start at 15:30 Vienna time.
The long story short is the two big players:
  • Saudi Arabia argued against more output citing demand drop from new lockdowns
  • Russia led calls for higher production, citing recovering demand