Saudi, Russia agree oil cuts extension, raise pressure for compliance

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to deepen their cuts, OPEC+ sources told Reuters.

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo

Rather than easing output cuts in July, OPEC and its allies, a group known as OPEC+, were discussing keeping those cuts beyond June.“Any agreement on extending the cuts is conditional on countries who have not fully complied in May deepening their cuts in upcoming months to offset their overproduction,” the source said.

“I don’t think there will be a meeting on Thursday. There are still many challenges,” another OPEC source said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Was this story TASS-approved?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Henry Cejudo Says He's In Talks To Fight Ryan Garcia In Saudi ArabiaHenry Cejudo says there have been serious discussions about fighting Ryan Garcia in Saudi Arabia. Ok He better get ready to get knocked out lol Ryan Garcia’s is fucking lightning fast
Source: TMZ - 🏆 379. / 59 Read more »

Turkey, Russia agree to develop Covid-19 vaccineThe Turkish Health Ministry said in a statement that Health Minister Fahrettin Koca held a video conference call with his Russian counterpart Mikhail Murashko. eemreyurdakul kankam favlar da bsn favlamaz mıyım :) Police protect the criminals in power NOT THE INNOCENT PUBLIC. Money doesn't work. BRAINWASHED SLAVES REJECT VOTING FOR SLAVERY TO FINANCE BANKERS CARTEL DEBT *666/SATAN'S SYNAGOGUE* PROSTITUTES HUMANITY FROM BIRTH TO DEATH TO EXIST. 'WE THE PEOPLE DEMAND A CIVILIZED NATION' On what type of vaccine will you collaborate w/ Russia? Is it the mRNA vaccine that alters the human DNA and is sure to lead to all the adversities that gene-altering processes are known to trigger? Vaccines not being tomatoes, we, the Turkish citizens demand specifics.
Source: trtworld - 🏆 101. / 63 Read more »

G-7 members reject Trump's bid to bring Russia in from the coldNo objections raised to president's suggestion that India, South Korea and Australia also be included. SethAbramson I wonder how it feels to be the most hated person in the entire world?TrumpIncitesViolence DictatorTrump Could it be more obvious? SethAbramson Trumps boss won’t be happy
Source: politico - 🏆 381. / 59 Read more »

Russia and China target U.S. protests on social mediaBoth countries have flooded Twitter with hashtags and other content experts say is aimed at sowing dissent across the country. If this was occurring in any other country, the US would have been calling for a coup “in the name of democracy”. Kdo očekával cokoliv jiného? I wonder if Putin entered POTUS gently or went in dry and made Trump bite the pillow ShhhhhhJustLetItHappen Führerbunker TrumpisaRacistThug NotThatThereIsAnythingWrongWithThat Catching
Source: politico - 🏆 381. / 59 Read more »

Russia Sets July 1 Vote on Constitutional Changes Allowing Putin to Extend His RuleA vote on changes to Russia’s constitution that could potentially allow President Vladimir Putin to maintain his grip on power for years to come will be held on July 1. What a tyrant. Wow
Source: WSJ - 🏆 98. / 63 Read more »

Kremlin: Trump tells Putin about idea for summit with RussiaU.S. President Donald Trump called Russian President Vladimir Putin Monday to tell him about his proposal to convene an international summit that would involve Russia, the Kremlin said. Trump said Saturday he will postpone until the fall a meeting of the G7 leading industrialized nations that he had UK already said it would veto any such meeting realDonaldTrump is PutinsPussyAssBitch Trump called his Master for instructions.
Source: YahooNews - 🏆 380. / 59 Read more »