OPEC+ expected to extend oil supply cuts

OPEC+ expected to extend oil supply cuts …C0NTINUE READING HERE >>>

The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop in prices in a global market awash in crude.

However, dissension that caused a delay in the meeting originally scheduled for Sunday has created some doubts about it being able to maintain the cuts that have propped up prices.

“OPEC+ is expected to decide on Thursday to postpone the production increase for a further three months until the end of the first quarter,” said…

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