OPEC+ will, at the very least, extend production curbs beyond the March 2020 deadline. That’s according to Stephen Brennock, an oil analyst at PVM Oil Associates, who said failure to do so would send oil prices “plunging into the abyss” and is not in line with the group’s “long-held commitment to stabilize the oil market”. Fitch Solutions also believes that the OPEC+ output cuts will be extended past March 2020, according to Peter Lee, a senior oil and gas analyst at the company. “The house view is for the cuts to be extended further through to the end of 2020,” Lee told Rigzone. “We do not see sufficient support forming for prices from either the supply or the demand side over the coming quarters which would prompt OPEC+ to reconsider its current stance on output cuts/market management,” Lee added. According to Abhishek Kumar, head of analytics at Interfax Energy […]