Home Business OPEC and allies set to extend oil supply cuts, prop up prices Business OPEC and allies set to extend oil supply cuts, prop up prices By Genpie - July 2, 2019 130 0 Facebook Twitter Google+ Pinterest WhatsApp OPEC and its allies led by Russia are set to extend oil output cuts until March 2020 on Tuesday to try to prop up the price of crude as the global economy weakens and U.S. production soars.