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Russia and Saudi Arabia agree to extend deal with Opec to curb oil output

Vladimir Putin says deal due to expire on Sunday will be extended by six to nine months

Russia has agreed with Saudi Arabia to extend by six to nine months a deal with Opec on reducing oil output, the Russian president, Vladimir Putin, said, as oil prices come under renewed pressure from rising US supplies and a slowing global economy.

The Saudi energy minister, Khalid al-Falih, said on Sunday that the deal would most likely be extended by nine months and no deeper reductions were needed.

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from The Guardian https://ift.tt/2RPq0yM
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