OPEC, Russia meet to extend record oil cuts, push for compliance

MOSCOW/DUBAI/LONDON (Reuters) - OPEC and its allies led by Russia meet on Saturday to approve extending record oil production cuts and to push countries such as Iraq and Nigeria to comply better with existing curbs. The producers known as OPEC+ previously agreed to cut supply by a record 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.

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