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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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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