OPEC remains hostage to Russia’s reluctance, with plans still in limbo on instituting deeper production cuts to ward off the Wuhan coronavirus’ impact on oil prices. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Moscow has yet to inform its OPEC partners whether it will commit to new cuts that were recommended by an advisory committee last week, several delegates told S&P Global Platts on Monday. The recommendation calls for the alliance of OPEC, Russia and nine other countries to tighten production quotas by 600,000 b/d through the second quarter — more than a third greater than the current 1.7 million b/d cut accord already in place, which should be extended through the end of the year. Saudi Arabia, in particular, has […]