OPEC+ discusses keeping voluntary cuts until year end

OPEC is discussing continuing the 2.2 million barrels per day voluntary cut through year end, according to three sources cited by Reuters.Oil prices are perking up on the report.Extending through year end is one option, with another option extending the cuts through Q3. Two sources also said they wouldn't rule out a deeper cut or releasing oil back into the market if demand rises.OPEC is currently holding back 5.86 mbpd, including a 2.2 mbpd voluntary cut. Even if US producers stay disciplined, it could take years for global demand to soak up that supply.Keep in mind, that Saudi Arabia is offering shares in Aramco at the moment so Saudi Arabia may have an incentive to keep markets tight for

Read More Details
Finally We wish PressBee provided you with enough information of ( OPEC+ discusses keeping voluntary cuts until year end - report )

Also on site :

Heartbreaking letters Camp Mystic children wrote to their family arrive days after they died in Texas floods
Watch- Shubman Gill reacts as Ravindra Jadeja teases him in front of Sara Tendulkar
Nine things over 60s should do each week to stay young (including kitchen dancing)

OPEC+ discusses keeping voluntary cuts until year end - report ...Middle East

Oasis dominate UK album charts following start of world tour

CBS Sets Fall Premiere Dates for NCIS, Matlock and More — Tom Ellis’ CIA Bumped to Midseason With New Showrunner

Green Coffee Company and Los Angeles Rams Announce New Multi-Year Partnership to Make Juan Valdez® the Official Coffee of the Rams

‘Just a few bones’: 30 years on, Srebrenica still buries its dead

Wimbledon to crown 8th consecutive 1st-time women’s champion

The New Superman Hinges on a Radical Reinvention of the Man of Steel’s Parents

Man charged with indecent exposure after incident at Wolverhampton bank

GTC vs NVR Dream11 Prediction Today Match, Dream11 Team Today, Fantasy Cricket Tips, Playing XI, Pitch Report, Injury Update- Assam T20 Summer Challenger Trophy 2025, Match 9

All 7 Esparto fireworks warehouse explosion victims identified by Yolo County coroner

Magic: The Gathering Unveils Two New ‘Edge of Eternities’ Cards, Producer Talks Sci-Fantasy vs. Sci-Fi Set Ahead of Launch (EXCLUSIVE)

The Festo North American Regional Service Center Embraces Clean Energy

MUFG: FX reserve managers big sellers of JPY and AUD in Q1

Wimbledon nightmare as fans run out of water in middle of heatwave and hottest tournament in 147-year history

'This must not happen': India opposes Pak bid to join Brics-backed AI bid; cites terror, security risks

Wall Street sees 35% Canada tariff as just a negotiation tactic: ‘Tariffs are Trump’s hammer for every nail’