19-05-2017 19:22 via yahoo.com

OPEC panel looking at deepening, extending oil cuts: sources

By Alex Lawler and Rania El GamalVIENNA (Reuters) - An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of deepening and extending a deal to reduce crude output, OPEC sources said on Friday, in an attempt to drain inventories and support prices.Saudi Arabia and non-OPEC Russia, the world's top two oil producers, have agreed on the need to prolong the current cuts until March 2018, although Saudi Energy Minister Khalid al-Falih said extended c
Read more »