OPEC and its oil-producing allies reportedly agreed to extend the historic 9.7 million barrels per day production cut that was set to expire at the end of June, according to two sources familiar with the matter, CNBC reports.
The cut will be extended through the end of July, and the group is expected to confirm the agreement at its meeting on Saturday, which kicked off a little before 8:30 a.m. ET. The closely watched meeting was initially scheduled for June 9-10.
!["Memory Line" and immersive museum opening: Moscow commemorates Day of Remembrance and Sorrow](https://en.vestikavkaza.ru/upload2/s400xfull/2025-06-23/175068604968595961544d72.85716634.webp ""Memory Line" and immersive museum opening: Moscow commemorates Day of Remembrance and Sorrow")
