Saudi Arabia and other OPEC members are considering deepening oil production cuts amid rising Covid-19 cases in the West and fresh economic lockdowns in Europe that could curb oil demand further, according to oil officials and advisers in these countries.
The debate comes at a time when the Organization of the Petroleum Exporting Countries had hoped to be in a position to start turning production back on. In April, OPEC, a 13-member cartel led by Saudi Arabia, and 10 Russia-led producers agreed to carry out record production…
