OPEC+ may agree on need to deepen oil output cuts - sources
The so-called JTC panel has extended its meeting for a third day into Thursday after Russia voiced its opposition to a deeper supply cut and was instead suggesting an extension of current cuts
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo
An OPEC+ technical committee may reach consensus on Thursday on the need to further cut oil output by at least 500,000 barrels per day in response to the coronavirus' impact on energy demand and global economic growth, two sources told Reuters.
The so-called JTC panel has extended its meeting for a third day into Thursday after Russia voiced its opposition to a deeper supply cut and was instead suggesting an extension of current cuts.
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