OPEC+ expected to deepen output cuts to 1.5 million bpd - JPM

LONDON (Reuters) - OPEC and other major oil producers are expected to agree to deeper output cuts of 1.5 million barrels per day to the end of 2020 versus 1.2 million currently to help reduce a global supply overhang, JPMorgan said in a note on Tuesday.The Organization of the Petroleum Exporting Countries (OPEC)and allies including Russia, a group known as OPEC+, meets in Vienna on Thursday and Friday.OPEC's de-facto leader Saudi Arabia will agree to lower its quota to 10 million bpd from 10.3..