Saudi Energy Minister Khalid al-Falih said today that he does not expect opposition from OPEC members regarding an extension of oil output cuts for another nine months, Reuters reports.
Last December, OPEC agreed to curb its output by about 1.2 million barrels per day from January 1 for six months. Non-OPEC producers agreed to cut half as much.
The Saudi minister said that a new oil output deal would be similar to the previous pact with minor changes.
Any decision would not be finalized until an OPEC meeting later this week, al-Falih added.
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