"OPEC+ Extends Crude Supply Cuts to Boost Oil Prices"
TL;DR Summary
OPEC+ members have agreed to extend production cuts in an effort to bolster oil prices amidst concerns about the impact of the Omicron variant on the global economy. The decision reflects ongoing efforts to manage supply and demand dynamics in the energy market.
- OPEC+ members extend production cuts in bid to boost oil price Financial Times
- Saudi Arabia, Russia and several OPEC+ producers extend voluntary crude supply cuts until end of June CNBC
- Russia to cut oil output, exports by additional 471000 barrels per day in second quarter Reuters
- OPEC+ extends cuts on crude output to midyear (NYSEARCA:XLE) Seeking Alpha
- OPEC+ Extends Oil Cuts, With Russia Bolstering Its Effort Bloomberg
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