Russia will not back an OPEC call for extra oil output cuts and will only agree to extending existing curbs, a Russian source said on Friday, threatening to derail a call by OPEC ministers for deeper reductions to cope with the coronavirus outbreak, Trend reports with reference to Reuters.
“That position won’t change,” the high-level Russian source told Reuters as ministers from OPEC, Russia and other producers, a group known as OPEC+, gathered for crunch talks at OPEC’s Vienna headquarters.