Russia says pact with Saudi Arabia to cut crude exports could extend for six to nine months
Russia and Saudi Arabia have agreed to extend a major oil output-cutting deal by six to nine months to help support the market, Russian President Vladimir Putin said Saturday after meeting Saudi Crown Prince Mohammed bin Salman.
The Organization of the Petroleum Exporting Countries and its Russia-led allies agreed to a six-month round of output cuts in December that lifted oil prices by as much as 22% by April. But recent Middle East tensions that threaten oil supplies have been offset by worries about the global economy,...
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