Helima Croft, head of commodity strategy at Royal Bank of Canada, said in a report that OPEC+ is expected to announce an extension of production cuts early next month, at least until June. Oil markets continue to be hit by demand and Intrerest rate concerns, as well as increased production in the Americas. "The current mood of the OPEC leadership seems optimistic, and the cohesion of the group has remained stable after Angola withdrew from the group at the end of last year. ”
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
RBC: OPEC+ may announce an extension of production cuts in early March until at least June
Helima Croft, head of commodity strategy at Royal Bank of Canada, said in a report that OPEC+ is expected to announce an extension of production cuts early next month, at least until June. Oil markets continue to be hit by demand and Intrerest rate concerns, as well as increased production in the Americas. "The current mood of the OPEC leadership seems optimistic, and the cohesion of the group has remained stable after Angola withdrew from the group at the end of last year. ”