February 6, 2020 / 11:27 AM / in 15 days

OPEC+ panel recommends provisional 600,000 bpd oil output cut- sources

DUBAI/LONDON, Feb 6 (Reuters) - An OPEC+ technical panel has agreed to recommend a provisional additional cut in oil output of 600,000 barrels per day (bpd) as it awaits the final position of Russia on the proposal, two OPEC+ sources said on Thursday.

“The recommendation is for a cut of 600,000 bpd. Russia has asked for more time for consultations,” one of the sources said.

The OPEC+ ministers have yet to decide on whether to bring forward their upcoming policy meeting to February from early March, the sources said. (Reporting by Reuters OPEC team; editing by Jason Neely)

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