Production Cut Deal Extension Likely: Zanganeh

摘要

Opec and non-Opec producers are likely to endorse an extension of their oil production cut agreement that expires at end-June after it successfully helped stabilize markets, Iranian Oil Minister Bijan Zanganeh said. "Opec and non-Opec crude oil producers have displayed a historic 'esprit de corps' in implementation of the organization's output cut plan” that benefited from participants' cooperation “month after month,” Zanganeh said, the Iranian oil ministry's official Shana news website reported Sunday.