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OPEC to Announce Rollover of Cuts in Early March: RBC

OIL

OPEC+ is expected to announce in early March the rollover of the voluntary production cuts through June at least, RBC head of commodity strategy, Helima Croft, said in a note.

  • “We do not sense any desire from producers to throw in the towel and return to a market share war with shale,” Croft said.
  • “If anything, the mood of OPEC leadership seems sanguine at present, with group cohesion stable following the end of year Angolan exit,” she added.

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