OPEC+ may reach output cut if US joins
DUBAI/LONDON/MOSCOW: Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a meeting tomorrow but only if the United States joins the effort, aimed at coping with the disastrous effect of the coronavirus on fuel demand, three OPEC+ sources said. Worldwide oil demand has dropped by roughly 30 percent, or about 30 million barrels a day, at the same time that Saudi Arabia and Russia have been flooding markets with extra supply.
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