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OPEC chief says oil market responding well to record OPEC+ cut

FILE PHOTO: OPEC Secretary General Barkindo speaks during a session of the Russian Energy Week
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LONDON (Reuters) - OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the group has not ruled out further steps to support the market.The Organization of the Petroleum Exporting Countries,Russia and other allies, a group known as OPEC+, are cuttingsupply by a record 9.7 million barrels per day (bpd) from May 1..
Date Published: May 20, 2020
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