OPEC+ panel recommends deeper oil cut, awaits nod from Russia...

OPEC+ panel recommends deeper oil cut, awaits nod from Russia -sources
An OPEC+ technical panel has recommended a provisional cut in oil output of 600,000 barrels per day (bpd) in response to the coronavirus' impact on energy demand as it awaits Russia's final position on the proposal, three sources said.
OPEC+ ministers have not decided on further action, but the recommendation on Thursday by all the members of the JTC, which includes Saudi Arabia and Russia, would signal progress towards a decision.
"The recommendation is for a cut of 600,000 bpd. Russia has asked for more time for consultations," one of the sources said.
Another OPEC source said the proposed output cut of 600,000 bpd, if agreed by all members, will start immediately and continue until June.
https://www.cnbc.com/2020/02/06/reu...rom-russia-sources.html?&qsearchterm=opec