Media: OPEC+ extended record production cuts

the Ministers of OPEC and OPEC States agreed to prolong the current reduction in oil production, said sources to Reuters. The measure will be valid until the end of July.

the Current decrease is a record: the production of raw materials daily should be reduced to 9.7 million barrels.

Bloomberg, in turn, noted that the cartel members Iraq and Nigeria, to further reduce production from July to September. Thus, they will offset the failure to comply with the may and June quotas.

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