OPEC Deal Could Be Extended Beyond March 2018

The crude oil production cut deal that OPEC, Russia, and
several other producers agreed to late last year could get yet
another extension. This extension would push the deal beyond the
March 31, 2018 end date that was agreed earlier this year,
according to Russia’s Energy Minister Alexander Novak, speaking to
news agency TASS. Novak said he had discussed another extension
with his Saudi counterpart, Khalid al-Falih, at a meeting in Saint
Petersburg earlier this year, noting that all options are on the
table and no decisions have been made…

The crude oil production cut deal that OPEC, Russia, and
several other producers agreed to late last year could get yet
another extension. This extension would push the deal beyond the
March 31, 2018 end date that was agreed earlier this year,
according to Russia’s Energy Minister Alexander Novak, speaking to
news agency TASS. Novak said he had discussed another extension
with his Saudi counterpart, Khalid al-Falih, at a meeting in Saint
Petersburg earlier this year, noting that all options are on the
table and no decisions have been made…