Off The Wire
OPEC+ to debate oil cuts as big as 20 million bpd: sources
LONDON (Reuters) - OPEC and other oil producers will debate on Thursday oil cuts as big as 20 million barrels per day, equivalent to about 20% of global supplies, one OPEC source and a Russian source told Reuters.
“That is a global deal,” the OPEC source said.
He did not specify if the United States would be involved - something Russia and OPEC producers have insisted on.
Another OPEC source and a separate Russian source told Reuters that Russia and Saudi Arabia had managed to remove their main obstacles to agreeing a new deal on oil cuts.
Reporting by OPEC team; Writing by Dmitry Zhdannikov; Editing by Edmund Blair