OPEC+ seen to extend its output cuts into H2 2024: JP Morgan

03/05/2024 Argaam

OPEC+ seen to extend its output cuts into H2 2024: JP Morgan

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OPEC and its allies are expected to extend voluntary supply curbs in the next meeting scheduled for June, JP Morgan said.

 

OPEC+ may extend voluntary production cuts beyond the second quarter of this year, although official discussions have not yet begun, Reuters reported.

 

The US bank maintained its oil price forecasts unchanged, expecting the average price of Brent crude to reach $88 per barrel from May to September.

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