OPEC Delegate: OPEC is still working on a deal, no final agreement has been made yet.

Eren Sengezer FXStreet

According to the latest headlines floating on the wires, via Reuters citing an OPEC delegate, the cartel is looking to propose an output cut of 0.9-1 million barrels per day to Russia.

Key quotes

Would seek further cuts from non-OPEC nations.
OPEC still working on participation levels in proposal.
OPEC is still working on a deal, no final agreement has been made yet.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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