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OPEC, Russia meet to extend record oil cuts, push for compliance

Updated : June 06, 2020 03:40 PM IST

The alliance known as OPEC+ previously agreed to cut supply by a record 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.
OPEC+ sources have said Riyadh and Moscow agreed to extend existing record cuts throughout July, while they said Riyadh wanted a further extension to August and possibly even December.
OPEC, Russia meet to extend record oil cuts, push for compliance

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