OPEC+ Recommends Oil Cuts, But No Deal Yet on Size of Curbs
- Oman minister says there’s still time to finalize the details
- Trump ramps up pressure on cartel to keep crude flowing
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Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea from President Donald Trump to keep the taps open, but their meeting didn’t agree on how big any reduction should be.
The group secured the participation of Russia for six months of output curbs starting in January, Oman’s Oil Minister Mohammed Al Rumhy told reporters in Vienna as he left the meeting on Wednesday.