“The OPEC+ Joint Ministerial Monitoring Committee agreed to cut production by two million barrels per day,” Reuters reported, citing people familiar with the matter.

And Bloomberg reported today, citing sources, that OPEC+ will discuss cutting oil production by two million barrels per day.

And earlier, the American newspaper Financial Times reported, citing sources, that Saudi Arabia, Russia and other producers are ready to announce a significant reduction in oil production at the OPEC + meeting in Vienna, noting that he indicated that Saudi Arabia is seeking to raise prices for oil to “piss off the US and help the Russian Federation.”

Reuters also reported that “OPEC+ appears poised to make significant cuts to its oil production targets to curb supply in an already tight market, despite pressure from the United States and other countries to boost production.”

A possible OPEC+ cut could lead to a recovery in oil prices, which fell to around $90 from $120 three months ago on fears of a global economic downturn, rising US interest rates and a stronger dollar.