OPEC+ scheduled meeting July 1, now postponed to Friday.

Reuters conveying a statement from Iraqi Oil Minister Ihsan Abdul Jabbar, to the effect that:

• the OPEC+ meeting has been postponed until Friday
• is to enable completion of consultations and discussions, so they work towards agreement

I posted earlier on this delay here:

• A big Friday coming up - NFP and OPEC+ meeting (they need more time!)

It seems the UAE has alternative proposals to be further discussed, along the lines:

• UAE wants to increase its production significantly
• cuts would have to come from Russia and Iraq to accommodate the higher UAE output