However, there has not yet been agreement on the need to hold an OPEC+ implementation policy meeting on Thursday, with the main obstacle being dealing with countries that have failed to reduce the supply needed under the existing pact, the sources said. Saudi Arabia, the de facto head of OPEC, on Thursday called for an emergency meeting of OPEC and non-OPEC oil producers, an informal group known as OPEC+, state media reported, saying it wanted to reach a fair deal to stabilize oil markets. Trump will meet separately with U.S. oil industry executives on Friday. „Any agreement to extend the cuts is conditional on countries that did not fully comply in May deepen their cuts in the coming months to compensate for their overproduction,“ the source said.  Although global demand for oil has declined, a drop in demand in Chinese markets, the largest since 2008, triggered an OPEC summit in Vienna on March 5, 2020. . .