Vladimir Putin says deal due to expire on Sunday will be extended by six to nine months
Russia has agreed with Saudi Arabia to extend by six to nine months a deal with Opec on reducing oil output, the Russian president, Vladimir Putin, said, as oil prices come under renewed pressure from rising US supplies and a slowing global economy.
The Saudi energy minister, Khalid al-Falih, said on Sunday that the deal would most likely be extended by nine months and no deeper reductions were needed.
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