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production cut could reach 1.3 million barrels / day
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The proposed level of OPEC production restrictions implies a reduction of 1.143 million barrels / day (according to independent sources)
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OPEC intends to ask Russia to cut oil production by 300,000 barrels / day
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OPEC asks countries outside the cartel to cut oil production by 500 000-600 000 barrels / day
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OPEC is prepared to go to greater cuts due to a slower than expected rebalancing of the oil market
The post Sources: OPEC to discuss next week the reduction of the total oil production to 32.5 million barrels / day appeared first on forex-analytics.press.