Russia supports a recommendation to deepen OPEC+ oil supply curbs amid falling demand for crude as China battles a coronavirus outbreak.
The proposal could lead to a provisional cut in output of 600,000 barrels per day, which is about 0.6% of global supply and would extend current curbs of 1.7M bpd.
It would also pave the way for OPEC to bring forward to February a ministerial policy meeting planned for early March to formalize the decision.
seekingalpha.com