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UPDATE 1-OPEC, Russia discuss extending oil cuts for 1-2 months - sources

Jun 01, 2020 - Reuters Africa

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By Rania El Gamal, Vladimir Soldatkin and Olesya Astakhova

DUBAI/MOSCOW, June 1 (Reuters) - OPEC and Russia are moving closer to a compromise on extending current oil output cuts and are discussing a proposal to roll over supply curbs for one to two months, three OPEC+ sources told Reuters on Monday.

OPEC+ decided in April to cut output by a record 9.7 million barrels per day, or about 10% of global output, to lift prices battered by a demand drop link...