Citi expects the OPEC output-cut deal to be extended beyond June until the end of the year, according to a Citi report dated March 21. The bank expects an extension of the production-curb deal because the alternative would be “too painful” for Saudi Arabia and all others that are part of the agreement. But “the odds are clearly slipping,” the bank’s analysts, including Seth Kleinman and Ed Morse, wrote in a note. “The stakes for all in this game are high,” and the risk of non-compliance is that Mideast nations ramp-up output again. “If this were to occur, then prices would likely fall precipitously and this is something that no country in the 24-party group can afford,” the bank said.