Oil cuts set to ease to 7.7 million b/d in August Current talks focused on ensuring compliance JMMC scheduled to meet July 15 OPEC and its allies have not discussed extending their record 9.7 million b/d production cut accord beyond July, according to three delegates, signalling that the coalition is content to let the curbs ease down to 7.7 million b/d starting in August, as planned. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The OPEC+ coalition is buoyed by the pickup in global economic activity from the depths of the COVID-19 crisis, one delegate said, asking not to be named. But members remain vigilant in keeping an eye on the oil market, he added. The Joint Ministerial Monitoring Committee, co-chaired by Saudi Arabia and Russia, is scheduled to meet July 15 to assess market conditions and potentially make recommendations on changes to August […]