Bloomberg: "OPEC+ to Hold Virtual Meeting on the 6th" (Breaking)

[Asia Economy Reporter Naju-seok] Oil-producing countries will begin serious discussions on production cuts on the 6th.

Bloomberg reported on the 3rd that OPEC+, a consultative group between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC member countries, will hold a meeting.

Earlier, President Donald Trump tweeted, "I heard from Saudi Crown Prince Mohammed bin Salman that he spoke with Russian President Vladimir Putin," adding, "I expect both sides to undertake production cuts of more than 10 million barrels." He continued, "The cut could be more than 15 million barrels," calling it "good news for everyone."

Saudi Arabia also proposed negotiations among oil-producing countries regarding production cuts.

With the confirmation of the previously uncertain OPEC+ schedule, attention is focused on whether the production cut discussions will actually proceed.

Last month, Saudi Arabia proposed production cuts due to economic contraction caused by the novel coronavirus (COVID-19), but Russia opposed the proposal.

This content was produced with the assistance of AI translation services.