OPEC proposes 1.5M bopd in cuts, expects Russia to comply

THE Organisation of Petroleum Exporting Countries has pushed for a production cut of 1.5 million barrels of oil per day amid the continuing fallout from COVID19, the biggest cut since the 2008 financial crisis.

OPEC proposes 1.5M bopd in cuts, expects Russia to comply OPEC proposes 1.5M bopd in cuts, expects Russia to comply OPEC proposes 1.5M bopd in cuts, expects Russia to comply OPEC proposes 1.5M bopd in cuts, expects Russia to comply OPEC proposes 1.5M bopd in cuts, expects Russia to comply

Drop in oil demand staggering and unprecedented: analysts

 
The cut exceeds the 600,000 -1 million bopd cut recommended by the group's Joint Technical Committee and leaves non-OPEC members, particularly Russia who had been resisting the cuts, to join or

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