OPEC and its allies extend oil production cuts for another nine months
09:20 - 30/06/2019
announced the Saudi Energy Minister Khaled al - Faleh, Sunday, the Organization of the Petroleum Exporting Countries "OPEC" and its allies , led by Russia to extend its agreement to cut oil production for nine months.
"I think there is probably a nine-month extension," Sky News quoted Al-Faleh as saying. "Demand is starting to ease a bit, but it is still strong."
He pointed out that "the market will be balanced during the next six months and nine months," explaining that it was agreed with Russian President Vladimir Putin to extend the current agreement to reduce oil production of the "OPEC" as of July 2019. Ending / 25 z