An OPEC+ panel is unlikely this week to make any changes to its current deal to cut production and to start unwinding some cuts from October, despite recent ...
A view shows the logo of the Organization of the Petroleum Exporting Countries outside its headquarters in ViennaMOSCOW/LONDON - An OPEC + panel is unlikely this week to make any changes to its current deal to cut production and to start unwinding some cuts from October, despite recent sharp declines in oil prices, five sources from the producer group told Reuters.
The Saudi government's communications office did not immediately return a request for comment. OPEC's headquarters in Vienna did not immediately respond to a request for comment. OPEC+ plans to gradually phase out the cuts of 2.2 million bpd over the course of a year from October 2024 to September 2025.
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