OPEC papers propose total output cut of 1.2 mbpd from Oct levels

Reuters cites OPEC source

That's the starting point, let's see how badly it gets watered down.

• Saudi output proposed at 10.07m from 10.54m bpd

One of the disputes is that OPEC is typically a seasonally high period of production from Saudi Arabia and that their production will decline naturally in most of the Jan-June period of the proposed quotas.