Saudi-led efforts to implement deeper oil cuts to tackle the coronavirus’ impact on the market remained in limbo Thursday, with key ally Russia not yet on board with a proposal for 600,000 b/d in new supply curbs. A technical committee of delegates advising a 23-country oil producer alliance issued the recommendation after three days of intense negotiations at the OPEC secretariat, but delegates said Russian representatives in the talks asked to return to Moscow for consultations with their leaders. Earlier Thursday, Russian energy minister Alexander Novak said he was not ready to commit to any production changes. “We need more time to see how the situation will develop, how it will […]