OPEC backs biggest oil cut since 2008 crisis, awaits Russia

OPEC backs biggest oil cut since 2008 crisis, awaits Russia

Reuters

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OPEC agreed on Thursday to cut oil output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices that have been hit by the coronavirus outbreak, but made its action conditional on Russia and others joining in.

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