The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File PhotoSept 4 (Reuters) - Russia does not support an oil production cut at this time and it is likely OPEC+ will keep its output steady when it meets Monday, the Wall Street Journal reported on Sunday, citing people familiar with the matter. read moreTop OPEC producer Saudi Arabia last month flagged the possibility of cuts to balance the market. read moreRegister now for FREE unlimited access to Reuters.com RegisterRussia is concerned that a production cut would signal to oil buyers that crude supply is outstripping global demand, the WSJ report said on Sunday. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Akriti Sharma in Bengaluru; Editing by David Goodman and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Source: Wall Street Journal September 04, 2022 20:34 UTC