Saudi Arabia affirms OPEC+ pact aims for market balance, stability

• OPEC and allies led by Russia, a group known as OPEC+, agreed on Sunday to cut oil output to prop up prices amid the coronavirus pandemic.

OPEC and allies led by Russia, a group known as OPEC+, agreed on Sunday to cut oil output to prop up prices amid the coronavirus pandemic in an unprecedented deal that could curb global supply by up to 20pc.