<p>The OPEC+ group of oil producers is discussing potential output cuts of more than 1 million barrels per day (bpd), an OPEC source said, excluding any voluntary cuts by individual members.</p><p>“It may be as significant as the April 2020 meeting,“ the source said, referring to when OPEC+ agreed record supply cuts as the COVID-19 pandemic hit demand.</p><p>As a reminder, we heard this morning that we could see chatter of cuts north of 1.5 million bpd – So this is inline with that</p>

This article was written by Ryan Paisey at forexlive.com.