Yesterday’s OPEC+ meeting will run into a second day after a majority of members, including Saudi Arabia, opposed Russia’s proposal for a February supply hike. Al Jazeera reports that the unexpected extension of talks casts doubt on the production increase of 500,000 barrels a day the market had been expecting for February. It also calls into question similar supply boosts traders had pencilled in for March and April. “Russia is currently focusing on market share while a number of other countries value prices,” Iran’s Oil Minister told reporters.