Key Points: OPEC+ extends 3.66 million bpd cuts until the end of 2025 and 2.2 million bpd cuts until September 2024. It aims to stabilize the market amid low demand growth, high interest rates, and rising U.S. production. OPEC expects higher demand than the International Energy Agency, indicating a potential stock drawdown. UAE will increase output by 0.3 million bpd starting in October 2024. Capacity target discussions deferred to November 2025. OPEC+ announced on Sunday its decision to extend significant oil output cuts until 2025, surpassing expectations as the group aims to stabilize the market amid sluggish demand growth, high...