Markets

Algeria says OPEC discussing 9-month extension to cuts

Published May 23, 2017 Updated May 23, 2017 05:22pm

"Right now we are talking about nine months," Boutarfa told reporters.

The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to consider whether to prolong the deal reached in December in which OPEC and 11 non-members, including Russia, agreed to cut output by about 1.8 million barrels per day in the first half of 2017.

 

Copyright Reuters, 2017