OPEC+ OIL CUTS
PLATTS - 28 Feb 2020 - Saudi Arabia and Russia will test the bonds of their OPEC+ covenant when they meet in Vienna next week to debate another round of production cuts to stem the oil market's COVID-19 rout.
Oil prices have fallen about a quarter since late January, when news of the coronavirus outbreak began spooking traders, with the sell-off accelerating this week to hit a nearly three-year low.
But despite heavy lobbying by Saudi Arabia, the 23-country coalition of OPEC and non-OPEC producers has yet to agree on any plans to rein in crude…
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