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OPEC+ members extend oil production cuts, FT reports

OPEC+ members have extended voluntary cuts to oil production for another three months in an effort to boost oil prices, The Financial Times’ Shotaro Tani and Tom Wilson report. The curbs, which were set to expire at the end of March, will be maintained until June, according to Saudi Arabia’s state news agency. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).

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