The proposal is for a 2 million bpd easing of output cuts in Q3 and Q4
This being tweeted by renowned oil market journalist, Amena Bakr:
There is a proposal on the table that will be further discussed to ease 2 million bpd between august and December - sources
So under this proposal, the easing will be 400k per month starting in August till December
Oil is looking perky as we look towards the OPEC+ meeting now, trading at $75:
