• OPEC, Russia approve biggest ever oil cut amid coronavirus pandemic

    OPEC, Russia approve biggest ever oil cut amid coronavirus pandemic

    BAKU/DUBAI/LONDON — OPEC and allies led by Russia agreed on Sunday to cut oil output by a record amount — representing around 10 percent of global supply — to support oil prices amid the coronavirus pandemic, and sources said effective cuts could amount to as much as 20 percent. Measures to slow the spread of …