OPEC+ to Extend Output Cuts in June for Market Stability
OPEC+ to Extend Output Cuts in June for Market Stability
In a recent analysis by Citi, it is anticipated that OPEC+ will continue to extend output cuts in June in efforts to maintain stability in the energy markets. The decision comes amidst ongoing global economic uncertainties and geopolitical tensions affecting oil prices, with Citi highlighting the significance of this move in reinforcing market confidence. The extension of output cuts signals a proactive approach in managing supply dynamics and addressing fluctuations in demand, with potential implications on global energy prices.
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