The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop in prices in a global market awash in crude. However, dissension that caused a delay in the meeting originally scheduled for Sunday has created some doubts about it being able to maintain the cuts that have propped up prices.

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There is a likelihood that the Organization of Petroleum Exporting Countries and its allies known as OPEC+ would at its meeting on Thursday extend its latest