Cloudy global economic prospects, along with a recent slide in oil prices, could prompt OPEC and its allies to ratchet back their production cuts to historic levels, sources told S&P Global Platts Nov. 3, as the market’s recovery stalls. Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC, Russia and other key partners in a supply accord are scheduled to taper their collective 7.8 million b/d production cuts by more than a quarter to 5.8 million b/d from January, having banked on a robust rebound in oil demand from the coronavirus pandemic in the second half of the year. But Brent prices have dipped below $40/b in recent days and have not broken $45/b since September, frustrating many OPEC+ members […]