You're reading: Wall Street Journal: OPEC, Russia alliance lean toward keeping oil cuts in place

Wall Street Journal: OPEC, Russia alliance lean toward keeping oil cuts in place

Published Nov. 28, 2020. Updated Nov. 28 at 3:54 am

A man makes a phone call outside the OPEC headquarters during the 177th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Dec. 6, 2019.

Photo by AFP

OPEC and its Russia-led partners are leaning toward extending oil production cuts for another two to three months, according to officials familiar with the discussions, a move they hope will keep markets tight even as prices start to recover from Covid-19-inspired lows earlier this year.