OPEC, allies to maintain output cuts despite Trump's criticism - source

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen outside their headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard Foeger/File Photo - Copyright Leonhard Foeger(Reuters)

By Reuters

Published on 26/02/2019 - 16:34•Updated 19/04/2024 - 09:40

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LONDON (Reuters) - OPEC and its allies will continue with their agreement to cut oil supply, pushing for more adherence despite a demand by U.S. President Donald Trump that the producer group ease its efforts to boost crude prices, a Gulf OPEC source told Reuters.

Based on current market data, the so-called OPEC+ group is "likely to continue with the production cuts until the end of the year", the OPEC source said.

(Reporting by Rania El Gamal; Editing by Dale Hudson)

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