OPEC to recommend to OPEC+ extending new cuts to end of 2020: statement
March 05, 2020 at 15:43 PM EST
OPEC ministers said on Thursday they would recommend to OPEC+, a group that includes Russia, that additional oil production cuts of 1.5 million barrels per day (bpd) run until the end of 2020 rather than just during the second quarter.