Oman's Oil Min.: OPEC+ discussing production cuts only for 3-6 months

Oman's oil minister Mohammed bin Hamad al-Rumhi was out with some optimistic comments in the last hour, saying that OPEC+ (allies) will reach a deal this week to cut oil output.

Key quotes:

   •  Do not know if OPEC needs to cut more than 1 million bpd.
   •  OPEC to discuss exceptions for individual nations.
   •  Should treat Venezuela, Libya, Nigeria, Iran differently.
   •  OPEC+ discussing production cuts only for 3-6 months.