Saudi minister confident of oil cut extension

Saudi minister confident of oil cut extensionSaudi Arabia’s energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. Khalid al-Falih spoke ahead of a meeting on Thursday between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, where they are expected to extend the production cut pact. “We have full commitment from the Russian side, including President (Vladimir) Putin himself,” Falih told reporters on the sidelines of summits between US President Donald Trump and Muslim leaders from around the world.

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