Iraqi Minister Agrees with Saudi Call to Extend OPEC Cuts for 9 Months

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Iraqi Oil Minister Jabar Ali al-Luaibi said on Monday he agreed with Saudi Arabia on the need for extending OPEC crude output cuts for a further nine months.
Saudi Energy Minister Khalid al-Falih. speaking at the same news conference in Baghdad. said the Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.
Existing output curbs by OPEC and non-OPEC producers were due to last for the first six months of 2017. A meeting this week of the Organization of the Petroleum Exporting Countries this week will discuss whether the cuts are extended.