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Bangkok Post
Bangkok Post
Business

Opec+ expected to slash oil output

OPEC Vienna Oil Russia Saudi Arabia Joe Biden United States
Major oil producers led by Saudi Arabia and Russia are to hold their first in-person meeting since March 2020. (Photo: AFP)

VIENNA: Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to 2 million barrels per day in a bid to prop up slumping prices.

If implemented, it would be the first such major cut since a landmark curb on production at the start of the Covid-19 pandemic.

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