OPEC said to have no intention to cut output without Russia

Reuters headline, citing a source on the matter

So, it's either Russia joins and they get 1.5 mil bpd worth of additional output cuts or no additional output cuts at all? How lovely.

For now, we're all still waiting on the official decision but it sure doesn't look like Russia is on board with the latest proposal. Oil could be in for a real stinker ahead of the weekend if the headlines so far are to be true.

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