the 0pec+ cartel has agreed to extend most of its production cuts until 2025. the cuts, which were first agreed in december, were due to expire at the end of this month. so what does this mean for oil supply going forward — prices and inflation? jane foley has been looking into this for us — head of fx strategy at rabobank. good morning to you. this, to a great degree, was expected, wasn't it? to great degree, was expected, wasn't it?— great degree, was expected, wasn't it? ., ., ., wasn't it? to a great degree it wasn't it? to a great degree it was but we — wasn't it? to a great degree it was but we have _ wasn't it? to a great degree it was but we have to _ wasn't it? to a great degree it was but we have to bear - wasn't it? to a great degree it was but we have to bear in - wasn't it? to a great degree it l was but we have to bear in mind that there are three sets of production cuts and one of these, which is one of the voluntary reduction cuts, will actually be phased out from october this year. that was a surprise to many, who thought all three sets of production cuts would be phased out. but saudi did make it clear that whether or not they would actually go ahead and allow