Reports that OPEC+ is working on a deal to extend some oil production cuts into 2025A report overnight said that OPEC+ is working on a deal that will allow the group to extend some of its deep oil production cuts into 2025.
Reuters had the report, citing three unnamed sources "familiar with OPEC+ discussions".
More here.
OPEC+ meets on Sunday:
Oil still offered on Thursday:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Reports that OPEC+ is working on a deal to extend some oil production cuts into 2025 (https://www.forexlive.com/news/reports-that-opec-is-working-on-a-deal-to-extend-some-oil-production-cuts-into-2025-20240530/)
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