Oil: Saudi, Russia in bid to extend output cuts

ReutersNewsPublished: May 15, 20172 views
Published: May 15, 2017

Saudi Arabia and Russia, the world's two top oil producers, have agreed on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. As David Pollard reports, the news sent oil prices to a three-week high.

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