A view shows a pressure gauge near oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Acquire Licensing Rights
OPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, the Wall Street Journal reported on Wednesday.
The move could be announced on Thursday at a virtual meeting of the cartel, WSJ said citing delegates.