News Alert : Putin says Russia and Saudi Arabia agreed to extend oil production cuts - Kedai Saham
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Monday, July 1, 2019

News Alert : Putin says Russia and Saudi Arabia agreed to extend oil production cuts

News Alert : Putin says Russia and Saudi Arabia agreed to extend oil production cuts

Saturday at the G-20 leaders summit in Japan - Russian President Vladimir Putin said Russia and Saudi Arabia have agreed to extend the OPEC oil production cuts deal by another six to nine months.

The OPEC+ group — the Organization of the Petroleum Exporting Countries, plus Russia and other producers — meet on July 1-2 to renegotiate the pact which expires June 30.

Impact : Medium
Sentiment : Good for Oil

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