Official production reports from non-OPEC oil producers and industry analyses

OPEC+ Considering Extending 2.2 Million Barrels Voluntary Oil Cuts Through Year-End

May 30, 2024, 03:15 PM

OPEC+ is reportedly considering extending voluntary production cuts through the end of the year. According to three sources cited by Reuters, the organization is discussing maintaining the 2.2 million barrels per day voluntary cut to support oil prices, which have been affected by ongoing market challenges amid the pandemic.