11/29/2020, 12:10 PM (Source: TeleTrader)
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Russia, S. Arabia have consensus on OPEC+ deal - reports

Russia and Saudi Arabia have a consensus on extending the current OPEC+ output cut agreement, TASS reported on Sunday citing sources close to the matter.

One of the sources noted the two countries still have to coordinate "certain details and the mechanism" of extension.

OPEC+ is set to hold a ministerial conference on Monday, November 30 to decide on the future of the oil output cuts. Earlier reports claimed the cartel and its allies are leaning toward extending the cuts by another two or three months

Breaking the News / NP