That's according to RBC Capital Markets, they reckon oil is "still below the fiscal breakeven level in a number of OPEC countries"

Looking ahead to the June meeting on OPEC:

  • Saudi Arabia will lead OPEC to extend the production cut deal "for the duration of 2019"
  • Adds that Russia a reluctant partner in the supply cuts, bt will agree to continuing the arrangement
That's according to RBC Capital Markets, they reckon oil is still below the fiscal breakeven level in a number of OPEC countries