OPEC+ revealed a detailed roadmap for "production cuts end", and Goldman Sachs said it would be bearish for oil prices!

Can oil prices stabilize after OPEC+ agrees to extend production cuts? At Sunday's OPEC+ ministerial meeting, it was reported that OPEC+ had reached a preliminary agreement to extend its production cuts policy until 2025, gradually phasing out voluntary additional cuts from the end of September.

wallstreetcn03:48

Crude oil product analysis at noon: ICE Brent oil is basically stable and not affected by OPEC+ decisions.

Due to the decline in refining profit margins, Saudi Aramco may keep the official crude oil export prices to Europe unchanged in July.

Golden10 Data00:11

Saudi Arabia plans to start resuming part of international oil supply in October in response to falling international oil prices

Oil prices extended their decline as outsiders worried about the outlook for demand and strong supply.

Zhitong Finance20:36

Big news from the oil market! OPEC+ agrees to extend collective production cuts until the end of 2025

Delegates at the meeting said that these restrictions are aimed at boosting prices and avoiding global oversupply.

cls.cn18:38

OPEC+ sends a big signal! Lower oil prices

OPEC+ agreed to extend collective production cuts until the end of 2025, but major member states will begin reducing the scale of voluntary production cuts in October. The market gave mixed reviews.

Golden10 Data17:55

OPEC+ Extends Global Oil Production Cuts Into 2025 -- Barrons.com

The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, has agreed to maintain current voluntary production cuts through next year. Their decision is expected to keep oil prices higher through the U.S. presidential election.

Barron's14:44