According to Energy Intel Amena Bakr, OPEC mebers are discusing potential 2 year deal. Possible cuts of 10-12 mln bpd would start in May and last until the end of June, followed by additional cut of 8 mln bpd from July to December 2020 and 6 mln BPD cut from January 2021 to April 2022.
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Oil down nearly 5% following the announcement that European diesel reserves will be released💡