The Globe and Mail reports in its Monday edition that on Sunday, OPEC+ members, led by Saudi Arabia and Russia, made the decision to extend the voluntary oil output cuts of 2.2 million barrels per day into the second quarter. A Reuters dispatch to The Globe reports that this move is expected to provide additional support to the market, particularly in light of concerns around global growth and increasing oil production outside of the group. Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said it would extend its voluntary cut of one million barrels a day through the end of June, leaving its output at about nine million barrels a day. Russia, which leads OPEC allies collectively known as OPEC+, will cut oil production and exports by an extra 471,000 barrels a day in the second quarter. Russian Deputy Prime Minister Alexander Novak gave new figures showing that cuts from production will make up a rising proportion of the measure. UBS analyst Giovanni Staunovo called the developments largely expected. He said: "If the Russian cuts are fully implemented, additional barrels would be removed from the market. So that is a surprise move no one expected and could lift prices."