Saudi Arabia and several other members of OPEC are discussing the possibility of extending the current level of OPEC+ production cuts to the end of the year to support the market, but Russia could be the stumbling block again, Reuters reported on Thursday, citin8ug sources at OPEC+ and i9Russia’s oil industry. The OPEC+ group pledged in April production restrictions of 9.7 million bpd in May and June, before easing the cuts to 7.7 million bpd for July through December. According to Reuters’ sources, Saudi Arabia would like to see the deeper 9.7-million-bpd cut extended through the end of 2020 to rebalance the market. OPEC and the OPEC+ group are expected to meet via teleconference on June 9 and 10 to discuss the market fundamentals and possible tweaks to the deal they forged in April to cut nearly 10 percent of global oil production to support the market while demand […]