OPEC backs extra 1.5 million bpd output cut if Russia joins in: Report1 min read 05 Mar 2020, 06:19 PM IST
Saudi Arabia had suggested OPEC and its allies cut up to 1.5 million bpd for the second quarter of 2020 while keeping existing cuts of 2.1 million bpd
OPEC sources have signalled that preliminary talks with Russia this week in Vienna have been trickier than before
OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices amid an outbreak of coronavirus but made it conditional on Russia joining in, two OPEC sources said.
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