---
title: As expected, OPEC+ agreed to extend its oil supply cuts, delegates said, as the group continues its efforts to avert a global surplus and shore up prices.
description: "The so-called “voluntary” cuts from key members including Saudi Arabia and Russia, which total roughly 2 million barrels a day and were set to expire at the end of June, will continue until the end of 2024, delegates said, asking not to be named because the talks were private.\nSource: Bloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [As expected, OPEC+ agreed to extend its oil supply cuts, delegates said, as the group continues its efforts to avert a global surplus and shore up prices.](https://blog.syzgroup.com/syz-the-moment/as-expected-opec-agreed-to-extend-its-oil-supply-cuts)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jun 3, 2024, 3:29:09 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/as-expected-opec-agreed-to-extend-its-oil-supply-cuts)

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