Reuters exclusively reports OPEC struggling to keep Russia on board with oil cut, may offer shorter extension | Reuters News Agency

Reuters exclusively reports OPEC struggling to keep Russia on board with oil cut, may offer shorter extension

Reuters exclusively reported that Saudi Arabia is having a hard time convincing Russia to stay much longer in an OPEC-led pact cutting oil supply, and Moscow may agree only to a three-month extension. According to Reuters sources, Russian Energy Minister Alexander Novak told his Saudi counterpart Khalid al-Falih when the two met in Baku in March that he cannot guarantee an extension to the end of 2019.

Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe / Middle East / Africa
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