Saudis, Russia Back Cut Extension to March

Oliver Klaus; Amena Bakr; Nadezhda Sladkova

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Saudis, Russia Back Cut Extension to March

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Saudi Arabia and Russia on Monday agreed that the oil production curbs made by Opec and non-Opec producers should be extended until the end of March next year as they pledged to do "whatever it takes" to stabilize the market and return inventory levels to their five-year average. A total of 24 Opec and non-Opec producers in December agreed to cut output by a combined 1.758 million barrels per day from Jan. 1 for six months in an attempt to accelerate the rebalancing of an oversupplied global crude market and bolster prices, with the option to extend the agreement by the same length of time if needed.

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《International Oil Daily》 |2017年第16期|1-2|共2页
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Oliver Klaus; Amena Bakr; Nadezhda Sladkova;
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正文语种英语
中图分类石油、天然气加工工业;
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Saudis, Russia Back Cut Extension to March

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