Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations at a meeting on Sunday reached a tentative agreement to prolong production cuts until the year’s end, the Wall Street Journal reported, citing delegates. Delegates reportedly indicated that OPEC+ outlined a plan to extend significant oil supply reductions into the latter half of the year amid efforts to prevent a global surplus and stabilize prices. The decision coincides with Saudi Arabia’s initiation of a substantial share sale for its national oil giant, Aramco, generating substantial funds for the country’s economic overhaul.