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OPEC considering keeping oil cuts until year-end: Report

OPEC and allied oil exporters tightened their grip on global oil markets by announcing a deeper cut in supply starting in January, triggering a jump in prices. (AP)
OPEC logo. (File photo: AP)

OPEC considering keeping oil cuts until year-end: Report

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Reuters, Moscow

Published: Updated:

OPEC is discussing extending its oil cuts until the end of the year as the market still looks bearish, but the discussions are still at an early stage, Russia's TASS news agency cited an OPEC source as saying on Friday.

The group of oil exporters is due to meet in March, but could also meet in June to decide on policy, the source was quoted as saying.

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