OPEC backs extra oil output cut of 1.5 mln bpd if Russia joins - sources

Published 05/03/2020, 12:20
Updated 05/03/2020, 12:27
© Reuters.  OPEC backs extra oil output cut of 1.5 mln bpd if Russia joins - sources

VIENNA, March 5 (Reuters) - OPEC ministers backed a plan for

OPEC states and other producers including Russia to cut oil

output by an additional 1.5 million barrels per day (bpd)

provided Moscow joined in, two OPEC sources said.

OPEC ministers were meeting in Vienna on Thursday ahead of

crunch talks on Friday with other oil producers, including

Russia, which has so far been reluctant to add to the existing

cuts of 2.1 million bpd by the group known of OPEC+.

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