Opec heads of delegation extends proposed 1 5m bpd cut to year end

It seems like you're referring to a recent news article or development in the oil industry. Here's a breakdown of what it might mean:

OPEC (Organization of the Petroleum Exporting Countries): OPEC is a cartel of 14 oil-producing countries that coordinates the production and sale of oil to influence the global oil market.

Heads of Delegation: The Heads of Delegation are the representatives of each OPEC member country who meet to discuss and decide on oil production policies.

Proposed 1.5 million bpd cut: The "bpd" stands for barrels per day, which is a unit of measurement for oil production. A cut of 1.5 million bpd means that OPEC is proposing to reduce its collective oil production by 1.5 million barrels per day.

Extended to year-end: This means that the proposed production cut of 1.5 million bpd will be in effect until the end of the year, rather than being a temporary measure.

In summary, the news suggests that OPEC's Heads of Delegation have agreed to extend a proposed production cut of 1.5 million bpd until the end of the year. This move is likely intended to stabilize the global oil market and support oil prices, which have been affected by factors such as the COVID-19 pandemic and increased production from non-OPEC countries.