The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries and allies led by Russia, has pushed back its output policy meeting by a day to June 2 and will convene online.
OPEC+ oil producers are making voluntary output cuts totalling about 2.2 million barrels per day for the first half of 2024, led by Saudi Arabia rolling over an earlier voluntary cut. Sources from countries that have made voluntary supply cuts told Reuters this month that an extension was likely.
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