Opec oil producers poised to extend production cuts

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Vienna meeting almost certain to prolong curbs but analysts say tougher reductions in output are unlikely

The world’s major oil countries will almost certainly extend production cuts by a further nine months at a crunch meeting this week, though they are thought highly unlikely to toughen the curbs.

A landmark deal by Opec and non-Opec members, including Russia, to reduce output by 1.8m barrels a day and shore up the oil price, is due to expire at the end of June.

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Source: russia
Link : Opec oil producers poised to extend production cuts

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