Friday, July 17, 2026
Big OPEC+ oil output cuts depend on U.S., others joining: sources- oil and gas 360

Big OPEC+ oil output cuts depend on U.S., others joining: sources

Reuters LONDON/MOSCOW – Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis. Global oil demand has dropped by as much as 30%, or about