Home / Market Update / Commodities / Reuters: OPEC+ Hesitant Between Extending oil Production Cuts and Increasing Supplies
OPEC

Reuters: OPEC+ Hesitant Between Extending oil Production Cuts and Increasing Supplies

Sources in OPEC + told Reuters that the group will discuss two main options for oil policy in May and after that, including an extension of existing cuts and a gradual increase in production.

Two sources said the increase would not exceed 0.5 million barrels per day.

Check Also

Stocks Slide Despite Late Rebound Amid Rate Fears, Strong Data, as Geopolitical Tensions Weigh on Sentiment

U.S. stocks attempted a late-session recovery on Thursday, climbing well off their worst levels of …