OPEC+ panel considered oil output cut of 600k -1m bpd

A technical committee of OPEC and its allies considered a cut in oil production of 600,000 to 1 million barrels per day (bpd), and recommended a reduction in output of at least 600,000 bpd, two sources said.

The panel, the Joint Technical Committee, was meeting before a gathering of the Organization of the Petroleum Exporting Countries and other producers including Russia this week in Vienna.

 

Source: Reuters

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