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Making Phyllo Parcels with a Greek Yaya | SaltWire #halifaxnovascotia #greekfood #cookingLONDON/DUBAI -OPEC+ will likely agree on Sunday to prolong its deep oil output cuts into 2024 and possibly 2025, two OPEC+ sources said as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival U.S. production.Oil prices trade near $80 per barrel, below what many OPEC+ members need to balance their budget.
OPEC+ members are currently cutting output by a total of 5.86 million barrels per day , or about 5.7% of global demand. The deal on Sunday could include extending some or all of the cuts of 3.66 million bpd into 2025 and some or all of the voluntary cuts of 2.2 million bpd into the third or fourth quarter of 2024, the two sources said.
The group will have a series of online and in person meetings on Sunday, which began at around 0930 GMT with a meeting of OPEC ministers only.
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