OPEC - OIL PRODUCERS

An oil pump in the desert oil fields of Sakhir, Bahrain

A meeting of the world's 18 biggest oil producers has failed to reach agreement to freeze output. (AAP) Source: AAP

The world's major oil-producing nations have failed to strike an agreement to freeze production, saying they need more time to agree to a deal.


Negotiations ran into difficulty after Saudi Arabia, the largest exporter of oil, demanded rival Iran join the agreement to cap output.


Share

Follow SBS Indonesian

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

SBS Indonesian News

Watch it onDemand

Watch now