DUBAI/LONDON/MOSCOW/NEW YORK – OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of worldwide supply in what they expect will be a global effort including the United States, but the White House did not make such a commitment after a Friday meeting with oil companies.
Reuters: OPEC+ debates biggest-ever oil cut, awaits US efforts
A partial view of Saudi Arabia's Abqaiq oil processing plant on Sept. 20, 2019.
