*** OPEC gearing up for deeper oil cuts | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

OPEC gearing up for deeper oil cuts

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year.

The Organization of the Petroleum Exporting Countries (OPEC) meets today in Vienna followed by a meeting with Russia and others, a grouping known as OPEC+, tomorrow.