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Exclusive: OPEC+ wants to maintain oil output cuts beyond June, sources say

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) seen
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DUBAI/LONDON/MOSCOW (Reuters) - OPEC and its allies want to maintain existing oil cuts beyond June when the OPEC+ group is next due to meet to shore up prices and demand, which has been hit by the coronavirus pandemic, four OPEC+ sources said on Tuesday.Global oil demand has slumped by about 30% as the crisis has curtailed travel and economic activity, building up oil inventories globally. Brent..
Date Published: May 12, 2020
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