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OPEC set for oil cut extension if Iran endorses pact

VIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the price of crude amid a …Read more


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OPEC set for oil cut extension if Iran endorses pact

VIENNA Reuters – OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a
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Russia agrees with Saudi Arabia to extend OPEC oil output deal

The United States the worlds largest oil producer ahead of Russia and Saudi Arabia is not participating in the pact We will support the extension have a smooth meeting if OPECs third-largest producer Iran also endorses the arrangement
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Putin says Russia and Saudi Arabia agree to extend OPEC production-cut deal

The Paris-based IEA watchdog has cut its forecast for 2019 oil nine-month extension would mean the deal runs out in March 2020 Russias consent means the OPEC group may have a smooth meeting if OPECs third-largest producer Iran also endorses the
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3 men shot dead in Bonteheuwel in separate incidents

One hundred law enforcement officers from the City of Cape Town are set to be permanently deployed in the suburb from Tuesday onwards
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Iran likely to back longer OPEC-led oil cut if all on board sources

A second source said he expected Iran would probably agree to a nine-month extension when OPEC and non-OPEC producers meet to set policy on May a suitable price for oil Oil prices have gained support from the supply cut pact but high inventories
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OPEC heads toward supply cut extension as Saudi signals most participants on board Iran happy staying within output ceiling Russia committed

Even Iran is likely to go along with such the extension does not set policy and its meeting precedes the gathering of OPEC and non-OPEC oil ministers on May 25 to decide whether to extend the supply pact The size of the extra supply cut being mulled
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