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OPEC and its allies have yet to begin formal talks on extending voluntary oil output cuts of 2.2 million barrels per day beyond June, but three sources from OPEC+ producers said they could keep their cuts if demand fails to pick up. OPEC+ has implemented a series of output cuts since late 2022 amid rising output from the United States and other non-member producers, and worries over demand as major economies grapple with high interest rates. OPEC did not respond to a request for comment. ....
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The European Commission will recommend on Tuesday that the European Union begin formal talks with Bosnia-Herzegovina on joining the 27-nation bloc, the commission's president has said. "Bosnia and Herzegovina has taken impressive steps forward. More progress has been achieved in just over a year than in a whole decade," Ursula von der Leyen told the European Parliament in Strasbourg early on Tuesday. "We will decide to recommend to the council to open accession negotiations with Bosnia and Herze ....
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