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OPEC+ agrees to extend record oil cuts for another month - reports

1 month ago   |   By RT

The members of the Organization of the Petroleum Exporting Countries and allied oil producers led by Russia have decided to prolong massive output curbs beyond the initially agreed two months.
The 13 members of the oil alliance and 10 non-OPEC states held an online meeting on Saturday to decide the fate of the cuts, currently at 9.7 million barrels per day. Delegates said all sides have agreed to extend the cuts for another month until the end of July, according to Bloomberg. The conference was still underway as the report emerged.
According to the initial plan hammered out in April, the...
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OPEC and allies to agree one-month extension to output cuts

OPEC and allies to agree one-month extension to output cuts

1 month ago   |   By Reuters

OPEC and its allies led by Russia are "most likely" to agree on a one-month extension to an oil production cuts deal on Saturday, an OPEC delegate said.
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