08-09-2019 06:42 via news.yahoo.com

Oil majors to mull fresh cuts as trade war hits prices

Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war.The OPEC petroleum exporters' cartel and key non-OPEC members want to halt a slide in prices that has continued despite previous production cuts and US sanctions that have squeezed supply from Iran and Venezuela.Analysts say the OPEC+ group's Joint Ministerial Monitoring Committee, which monitors a supply cut deal reache
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