OPEC Likely to Stick to Output Cuts for Another Month

OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “OPEC+ could or couldn't discuss oil output rollover at its next meeting. It is difficult to prejudge,” Parviz Shahbazov told the publication. OPEC has been under pressure from the market to stick to its production cuts because of depressed prices, with any decision to reverse any part of the cuts seen as extra-bearish for the commodity. Indeed, even news reports about…