Sentences with phrase «extend oil output»
OPEC and non-OPEC oil giant Russia have agreed to extend oil output cuts until the end of 2018 following hours of discussions in Vienna, according to two reports.
https://www.cnbc.com/ Not exact matches
Elsewhere, oil prices were higher on Monday, on the back of hopes that leading exporters would agree to extend the output cut - as OPEC members gear up for a meeting in Vienna this Thursday.
Among commodities, oil prices extended losses after being pressured by the dollar's bounce and rising U.S. crude output.
* Oil prices edged higher, a day after OPEC and other major producers agreed to extend output curbs until the end of 2018.
The current agreement between OPEC and allied non-OPEC producers to reduce oil output by 1.8 million barrels a day is set to extend through the end of the year.
Speaking on Wednesday, the official said: «Given the remarks voiced by oil and energy minister of OPEC member states, it is apparent that there is an agreement between members of the organization to extend the body's output cut plan.»
Last week, just a day after the output cut deal was extended as - is until March 2018, Novak said in an interview with CNBC that deeper cuts to OPEC's oil production were not out of the question, but their implementation would depend on how things unfold with the current agreement.