OPEC meet 5 and 6 March in Vienna, the Financial Times says Saudi Arabia is asking producers including Russia for a production cut of an additional 1m barrels a day
FT citing five people familiar with the talks,
Under the proposal, Saudi Arabia would account for the bulk of the new 1m b/d cut
- Kuwait, the United Arab Emirates and Russia would split the rest
- Deal not yet been agreed
- Moscow still hesitant
This proposal is up from the 600k bpd proposal previously floated.
