EnergyWatch

OPEC said to remain split as Russia says it won't attend meeting

There is just one day to go before OPEC member countries meet to discuss a cap on oil production, but it is unclear if they will succeed in reaching agreement. Iraq and Iran are expressing objections and Russia is resisting calls to sign on to the deal.

Photo: ALEXANDER ZEMLIANICHENKO

OPEC officials failed to bridge their differences on an agreement to cut production and revive oil prices, while Russia said it's not planning to attend crucial talks on Wednesday.

With just one day left before ministers from the Organization of Petroleum Exporting Countries meet to finalize the first decline in production in eight years, the foundations for a deal were looking increasingly shaky on Tuesday.

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