Here's your summary from OPEC+ Extend Production Cuts | Horizons Middle East & Africa 06/03/2024 (https://www.youtube.com/watch?v=69aRov3CsdY) on the Bloomberg Television channel:

### TLDR:

OPEC+ extends production cuts until 2025, with gradual phase-out of voluntary cuts starting in Q3 of this year.

### Key Points:

1. OPEC+ ministers meet in Riyadh to agree on extending production cuts and bringing back oil gradually starting in October.

2. Market participants are focused on the complexity of the cuts and the impact on oil prices.

3. OPEC+ decision takes into consideration non-OPEC supply, market conditions, and oil demand growth forecasts.

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