OPEC gearing up for deeper oil cuts, Russia yet to agree

OPEC is gearing up to deepen oil supply cuts later this week but still needs to strike an agreement with allies such as Russia on details of a deal to support prices and prevent a glut next year.
The Organization of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna followed by a meeting with Russia and others, a grouping known as OPEC+, on Friday.
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OPEC+ has curbed supply since 2017 to counter booming output from the United States, which has become the world’s biggest producer.
Continue reading OPEC gearing up for deeper oil cuts, Russia yet to agree at Vanguard News.

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