Around The Barrel – Crude Oil and Gasoline Inventories Outlook

06 Dec '19 at 2:31 am #22659
MoneyNeverSleeps
Participant

[color=purple][size=5][b]OPEC deal is for cut of 500K bpd with Russia – delegate cited by Bloomberg
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A delegate cited by Bloomberg says the deal is for a 500K bpd cut.
Not clear yet what the baseline is or if there are conditions.
One report has said the cut is conditional on countries meeting current quotas.