Russia reportedly still hasn’t decided on its position on OPEC+ cuts

A decision on that is expected some time today

Bloomberg with the headlines here, adding that there is some support in Russia for extending  the current output cuts. Again, as a reminder that the agreement for the output cuts deal is only for the months of May and June.

As such, OPEC+ is looking to get a meeting together to extend that in order to maintain stability in the oil market. But as the reopening of economies gather pace, it will be a real test of resolve/compliance in enforcing any extension of the deal in the coming months.
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