Saudi, Russia outline record oil cut under U.S. pressure as demand crashes
By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar/ By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) - OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis. But the group, known as OPEC+, said a final agreement was dependent on Mexico signing up to the pact after it balked at the production cuts it was asked to make. ...
Click
To Read Full Article