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Novak sees no need to extend the OPEC deal if the market balance is expected in the second half
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Russian Energy Minister Alexander Novak said on Tuesday there would be no need to extend the world oil production agreement between OPEC and its allies if the crude market is expected to balance in the second half of the year.
Novak added that a decision on whether or not to extend the agreement would be taken in June and that only then could there be speculation about the future of the agreement.
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