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OPEC+ Formal Talks Yet to Begin: Reuters Sources

OIL

OPEC+ has not begun formal talks on extending the 2.2mn bpd of voluntary cuts beyond June according to Reuters sources.

  • The three sources from countries which have made voluntary supply cuts said an extension was likely.
  • The cuts could be extended until the end of 2024 according to one of the sources.
  • OPEC next meets in Vienna on June 1.

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