KUWAIT: The Organisation of Petroleum Exporting Countries (Opec) and its allies came one step closer to agreeing to extend their oil supply deal after a ministerial committee recommended another nine months of cuts.
The joint ministerial monitoring committee – composed of six Opec and non-Opec nations – agreed in Vienna yesterday to support an extension through March 2018, according to a statement on the producer group’s website.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!