OPEC+ is expected to discuss extending its deal on cutting oil supply beyond April 2022, two OPEC+ sources said on Wednesday, after a panel set up by the group warned of “significant uncertainties” and the risk of an oil glut next year. The Organization of the Petroleum Exporting countries, Russia and its allies, a group known as OPEC+, agreed to record output cuts of about 10 million barrels per day (bpd), starting from May 2020 and due to phase out by the end of April 2022. OPEC+’s active supply management responded to collapsing demand as economies shut down to curb the spread of the coronavirus. As of July, supply cuts still place will stand at 5.8 million bpd. The OPEC+ panel, known as the Joint Technical Committee, said in a report it expected an overhang of crude by the end of 2022, based on […]