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OPEC+ may meet over oil cuts this week if laggards agree to comply – sources

OPEC+ oil producers could still hold a ministerial video conference this week if Iraq and others which have not fully complied with existing supply cuts agree to boost their adherence, three OPEC+ sources told Reuters on Thursday. OPEC+ agreed to reduce supply by 9.7 million barrels per day (bpd) during May and June, after the coronavirus crisis hit demand. Oil prices have more than doubled after tumbling below $20 a barrel in April, but OPEC+ indecision about whether to prolong those record cuts has weighed since Wednesday....