Saudi Arabia, Kuwait signal likely extension of oil supply cuts

April 20, 2017 ABU DHABI (Reuters) – Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies. Consensus is growing among oil producers that their supply restraint agreement should be extended after its initial six-month term, but there is as yet no agreement, Saudi Energy Minister Khalid al-Falih said on Thursday. “There is consensus building but it’s not done yet,” he told reporters on the sidelines…

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