An OPEC+ technical panel has recommended a provisional cut in oil output of 600,000 barrels per day (bpd) in response to the coronavirus' impact on energy demand as it awaits Russia's final position on the proposal, two sources said. The Joint Technical Committee (JTC) is not a decision-making body but does advise the Organization of the Petroleum Exporting Countries and allies led by Russia, a grouping known as OPEC+. The meeting ended shortly after 1100 GMT, sources said. OPEC and its allies led by Russia produce over 40 percent of global oil and the new proposed cut ...
Chinese doctor who first warned about coronavirus outbreak in Dec 2019 dies
US should buy control of Nokia, Ericsson to fight Huawei: Attorney general
OPEC+ panel proposes deeper oil supply cut, awaits Russia's response
OPEC+ is currently cutting output by 1.7 million bpd
Topics
OPEC | Coronavirus
Reuters |
First Published: Thu, February 06 2020. 22:10 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).