OPEC, allies agree to extend deep output cuts through July

OPEC, allies agree to extend deep output cuts through July

Energy Daily

Published

Vienna (SPX) Jun 05, 2020

OPEC members, led by Saudi Arabia, and other key oil producers agreed Saturday to extend historic output cuts through July, as oil prices tentatively recover and coronavirus lockdowns ease. The 13-member cartel and its allies, notably Russia, decided to extend by a month deep May and June cuts agreed in April to boost prices, the Organization of the Petroleum Exporting Countries said in a

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