For some context, the existing 2.2 mil bpd worth of oil production cuts are to run until June. Three sources cited in the report say that even though formal talks have yet to begin on the matter, an extension to the voluntary cuts are likely. But another source did say that OPEC+ is not yet leaning one way or the other.
OPEC+ reportedly could extend voluntary cuts beyond Q2
- Formal talks are yet to begin though, according to the sources cited by Reuters
