OPEC+ extended cuts may lift oil prices, but Chinese demand uncertainty lingers: IEA’s Birol

The OPEC+ decision to extend 3.7 million b/d cuts into 2024 will likely lead to higher prices, but the world also needs to weigh Chinese demand, which was the main uncertainty for markets right now, the executive director of the International Energy Agency said June 5. The 23-member OPEC+ alliance, currently trimming its output by 2 million b/d, extended the…