OPEC+ Likely to Stick to Output Cuts

published:23/03/2023 11:24 GMT

The Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, is likely to stick to its deal on output cuts of 2 million barrels per day until the end of the year, even after a banking crisis sent crude prices plunging, three delegates from the producer group told Reuters. Oil prices hit 15-month lows on Monday in response to the banking crisis that followed the collapse of two US lenders and resulted in Credit Suisse being rescued by Switzerland's biggest bank UBS....More