You are here: Home » Reuters » News
Business Standard

OPEC, allies could cut oil output by reverting to 2016 quotas: TASS

Reuters  |  VIENNA 

VIENNA (Reuters) - OPEC and its allies led by Russia are discussing the idea of cutting oil output next year by reverting to production quotas agreed in 2016, Russia's TASS news agency reported on Wednesday,citing an OPEC source.The move would mean reducing oil production by more than 1 million barrels per day. (Reporting by OPEC newsroom; Editing by Dale Hudson)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 05 2018. 20:20 IST