OPEC+ endorses one-month extension to oil cuts - sources

06/06/2020 | 02:46pm

OPEC, Russia and allies agreed on Saturday to extend record oil production cuts by one month until the end of July, five OPEC+ sources told Reuters after the group held a video conference.

The group, known as OPEC+, also demanded countries such as Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.

(Reporting by OPEC team; Writing by Dmitry Zhdannikov; Editing by Edmund Blair)

© Thomson Reuters 2020
Copier lien
Latest news about "Economy & Forex"
0m ago
0m ago
1m ago
2m ago
6m ago