Energy Monitor – OPEC+ extends its production cut agreement

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1 minute read

OPEC+ keeps production cut (9.7 mb/d) in place until the end of July

ABN AMRO Group Economics

ABN AMRO Group Economics

Author has left Group Economics, see text

Author: Hans van Cleef

  • OPEC+ keeps production cut (9.7 mb/d) in place until the end of July

  • Recent oil prices have rallied on expectations of improvements in fundamentals

  • No reason for further price gains in the near term