OPEC+ June 4 Meeting In Doubt Over Problems With 'Quota Cheating' - Reports

OPEC+ June 4 Meeting in Doubt Over Problems With 'Quota Cheating' - Reports

The OPEC+ meeting, scheduled for Thursday, may be canceled due to problems with quota violations, Bloomberg reported, citing sources familiar with the situation

MOSCOW (Pakistan Point News / Sputnik - 03rd June, 2020) The OPEC+ meeting, scheduled for Thursday, may be canceled due to problems with quota violations, Bloomberg reported, citing sources familiar with the situation.

According to Bloomberg, the meeting is in doubt over "oil-quota cheating," and Russia and Saudi Arabia keep pressing other participants of the production cuts deal to comply with the obligations.