UPDATE 1-Big OPEC+ oil output cuts depend on U.S., others joining - sources [Reuters]
Exxon Mobil Corporation (XOM)
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Source: Reuters
UPDATE 1-Big OPEC+ oil output cuts depend on U.S., others joining - sources * U.S. yet to commit to cuts, says output already dropped * OPEC+ video conference talks due on Thursday * Saudi to host G20 energy ministers meeting on Friday * Petrol use in France down 80% during lockdown (Updates with Kazakhstan, Exxon, fall in French fuel demand) By Ahmad Ghaddar, Olesya Astakhova and Vladimir Soldatkin LONDON/MOSCOW, April 7 (Reuters) - Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis. Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd), as measures to prevent the virus spreading have slashed demand for jet fuel, gasoline and diesel. France reported on Tuesday a 80% drop in its petrol use. On top of sliding demand, Saudi Arabia has been flooding the mark
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