RBC: OPEC+ may announce an extension of production cuts in early March until at least June

Helima Croft, head of commodity strategy at Royal Bank of Canada, said in a report that OPEC+ is expected to announce an extension of production cuts early next month, at least until June. Oil markets continue to be hit by demand and Intrerest rate concerns, as well as increased production in the Americas. "The current mood of the OPEC leadership seems optimistic, and the cohesion of the group has remained stable after Angola withdrew from the group at the end of last year. ”