OPEC + states tend to extend the current contract to reduce oil production, Report says, citing the Wall Street Journal.

According to the publication, the deal may be extended for another two to three months. A final one has not yet been achieved, as some countries have issues related to the implementation of previous commitments and may prevent a treaty from being reached at the forthcoming meeting.

The recent rise in oil prices has affected market dynamics, giving some countries more room to argue.