OPEC Mulls Extending Oil Production Cuts Through End-2020

OPEC members are discussing a potential extension of the oil production cuts through the end of 2020, an OPEC source told Russian news agency TASS on Friday. Talks are at early stages, but there is an understanding that after March, the cuts should be extended until the end of the year, the OPEC source told TASS on the sidelines of the World Economic Forum in Davos.  “Certainly, we can review any agreement at the meeting in June,” TASS’s source at OPEC said. According to the source, it is “unlikely” that the cartel…