OPEC+ will consider output cut of more than a million barrels
A larger-than-expected reduction would reflect the scale of concern that the global economy is slowing fast in the face of rapidly tightening monetary policy. A strong dollar has also weighed on prices. A final decision on the size of the cuts won’t be made until the ministers meet, the delegates said
The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day when it meets in Vienna on Wednesday, according to delegates.
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