6 Apr 2020
OPEC+ meeting delayed
A meeting of OPEC+ members to discuss oil output cuts scheduled for today was delayed to Thursday by Russia and Saudi Arabia, Reuters reports. The OPEC+ group is working on a plan to cut at least 10M b/d of output in order to stabilise crude prices amid a growing surplus of supply. Oil analysts forecast that the oil supply glut could be as high as 23M b/d in April.