OPEC+ likely to extend existing oil supply cuts until June when group meets in December – Reuters reports, citing OPEC sources

Market news

21 November 2019

OPEC+ likely to extend existing oil supply cuts until June when group meets in December – Reuters reports, citing OPEC sources

OPEC+ so far has no plans to deepen current oil output cuts during December meeting
It is more likely that OPEC+ will extend the agreement in December to send a positive message to the market
The Saudis don't want oil prices to fall, they want to put a floor under the prices because of the (Aramco) IPO

U.S.-China trade deal: Still trying to tap in – Westpac

China's Premier Li: China will actively expand its imports

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