Import-dependent countries worried over supply uncertainty. According to news agency reports, the draft document includes separate sections on energy, food security and climate finance. The final text is expected next week.

The development could also affect global markets. Stock markets in several countries have already fluctuated and oil prices have edged up.

Analysts say global challenges will be hard to tackle without stronger multilateral cooperation, and called for small and medium economies to have a louder voice.

Representatives from countries around the world set out their positions on oil prices. Protecting the interests of developing nations received particular attention in the discussions.