OPEC+ has two main options for June meeting, both foresee output rise

5/19/2019 08:01:00 PM........................author:blue light

(Reuters) - Saudi Arabia and Russia are discussing two main scenarios for a meeting of OPEC and its oil-producer allies in June and both frameworks propose increased crude output from the second half of 2019, two sources familiar with the matter said.

Russia wants to ease the cuts of 1.2 million barrels per day (bpd) being carried out by the so-called OPEC+ alliance, the sources said.