Fitch: OPEC+ deal will be extended until at least end of this year - Reuters

Fitch Ratings has recently published its updated report on oil and gas price predictions with key takeaways, via Reuters, found below.

• Increased geo-political tensions & economic uncertainty are likely to contribute to oil price volatility.
• OPEC+ to continue to manage supply to avoid large supply-demand imbalances.
• Lowered natural gas price assumptions, reflecting reduced marginal production costs in us and increased LNG supplies globally.
• Believe that OPEC+ deal will be extended until at least end of this year, though its parameters could change.