Receive Breaking News updates as they occur
Saudi-led Gulf OPEC members will reject pressure to shoulder the cost of cutting oil production alone despite warnings that prices risk sliding further, officials and analysts say. Saudi Arabia, Kuwait, the United Arab Emirates and Qatar, which pump more than half of OPEC's 32 million barrels of daily output, want a solid commitment from all other producers, especially non-OPEC member Russia, to agree to production cuts across the board. "Gulf states will not undertake a unilateral output cut.
European Union leaders will offer Turkey cash and a boost for its membership bid in exchange for its cooperation with the migrant crisis at a summit Sunday, although key issues remain to be hammered out. Officials said the EU is expected to agree a three-billion-euro ($3.2 billion) aid package for Turkey to help it stop the flow of refugees to Europe from the conflict in Syria, 2.2 million of whom are currently in Turkey. Prime Minister Ahmet Davutoglu, standing in for President Recep Tayyip Erdogan, is also set to win a deal for the opening in December of a new chapter in Turkey's stalled accession talks for the 28-nation bloc.