December 25, 2024

A view of the Organization of the Petroleum Exporting Countries (OPEC) logo during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 13, 2024.

Maxim Shemetov | Reuters

The OPEC+ oil alliance has postponed until December 5 a meeting to decide the next steps in its crude production strategy, two representative sources told CNBC.

The sources spoke on condition of anonymity due to the sensitivity of the discussions.

The alliance, made up of OPEC and its allies, was initially scheduled to meet on December 1.

This breaking news story is being updated.

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