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OPEC+ Watchers See Extension of Deal But No Deeper Output Cuts

  • Twenty eight of 35 see curbs extended to June or even later
  • Just one predicted deeper oil-supply cutbacks by the group
Operations At Ukrnafta PJSC's Oil And Gas Field Processing Site
Photographer: Vincent Mundy/Bloomberg
Updated on

Any expectations that OPEC and its partners will make deeper cuts to oil production have all but evaporated.

Just one out of 35 analysts and traders in a global survey by Bloomberg predicted that the Organization of Petroleum Exporting Countries and its allies will agree a further reduction when they meet next week.