You are here: Home » Reuters » News
Business Standard

OPEC panel looking at deepening, extending oil cuts - sources

Reuters  |  VIENNA 

By Alex Lawler and Rania El GamalVIENNA (Reuters) - An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of deepening and extending a deal to reduce crude output, OPEC sources said on Friday, in an attempt to drain inventories and support prices.Saudi Arabia and non-OPEC Russia, the world's top two oil producers, have agreed on the need to prolong the current cuts until March 2018, although Saudi Energy Minister Khalid al-Falih said extended curbs would be on the same terms.OPEC's national representatives plus officials from its Vienna ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, May 19 2017. 22:52 IST