OPEC+ likely to prolong existing oil cuts despite rising prices – media ...News

Members of the Organization of Petroleum Exporting Countries (OPEC) and their allies led by Russia, known as OPEC+, may further hold back oil supplies amid concerns over demand. The coalition is leaning towards maintaining crude oil production cuts at the current level of 7.7 million barrels per day (bpd) for another two or three months, the Wall Street Journal reported citing officials. Similar intentions were earlier reported by Reuters, who cited delegates and sources close to OPEC+.  The group is expected to hold informal talks on Sunday before making the final decision on the fate of production curbs at a ministerial gathering nex

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