Recommendation echoes member country suggestions
OPEC appears ready to approve extending cuts beyond the current June expiration date, based on pronouncements by several groups.

The Joint Ministerial Monitoring Committee, a group composed of representatives from OPEC and non-OPEC nations, recommended a nine-month extension today, according to a releases by the group. The JMMC reports that overall OPEC is in 102% compliance with the cut levels, up from the 98% compliance in March. While this is correct, it is because Saudi Arabia has cut pro...


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