Saudi wants OPEC+ to extend oil cuts into May-June -source ...Middle East

Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May and June and is also ready to extend its own voluntary cuts to boost oil prices amid a new wave of coronavirus lockdowns, a source briefed on the matter said on Monday. With oil prices making steady gains earlier this year, OPEC and allies, known as OPEC+, had hoped to ease output cuts.

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