OPEC+ to consider 6M bpd oil output cut - report

Hopefulness of OPEC

However, the report stated that Russia is conditioning any agreement, saying it will be against the cuts as long as the United States doesn't join the efforts by other major oil producers.

The meeting is set to take place via a video conference on April 6, but reports from Energy Intel claimed that Russian President Vladimir Putin is yet to give a mandate to the Russian Energy Ministry to cut oil production. The conference call was initiated by Saudi Arabia and Russian presence hasn't been confirmed yet.

Earlier, US President Donald Trump called on Russia and Saudi Arabia to end their oil price war and cut output by up to 15 million bpd.

Everyone seems to be on board now