Output cut deal may be extended after 2020

OPEC+ Ministers, who agreed on April 9 to cut the output by 9.7 million barrels, set the quota for the second half of 2020 at 7.7 million barrels, Report informs citing a statement released after the new deal.

The output until April 30, 2022, is planned to be cut by 5.8 million barrels.

The issue of output cut for April 30, 2022 will be discussed in December 2021.