|09 April, 2020

OPEC+ to debate oil cuts as big as 20mln bpd - sources

"That is a global deal," the OPEC source said.

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia's Energy Minister Alexander Novak are seen at the beginning of an OPEC and NON-OPEC meeting in Vienna, Austria December 6, 2019.

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia's Energy Minister Alexander Novak are seen at the beginning of an OPEC and NON-OPEC meeting in Vienna, Austria December 6, 2019.

REUTERS/Leonhard Foeger

LONDON- OPEC and other oil producers will debate on Thursday oil cuts as big as 20 million barrels per day, equivalent to about 20% of global supplies, one OPEC source and a Russian source told Reuters.

"That is a global deal," the OPEC source said.

He did not specify if the United States would be involved - something Russia and OPEC producers have insisted on.

Another OPEC source and a separate Russian source told Reuters that Russia and Saudi Arabia had managed to remove their main obstacles to agreeing a new deal on oil cuts.

(Reporting by OPEC team; Writing by Dmitry Zhdannikov; Editing by Edmund Blair) ((Dmitri.Zhdannikov@thomsonreuters.com;))

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