Commodities & Energy

Reuters exclusively reports OPEC struggling to keep Russia on board with oil cut, may offer shorter extension

Reuters exclusively reports OPEC struggling to keep Russia on board with oil cut, may offer shorter extension

Reuters exclusively reported that Saudi Arabia is having a hard time convincing Russia to stay much longer in an OPEC-led pact cutting oil supply, and Moscow may agree only to a three-month extension. According to Reuters sources, Russian Energy Minister Alexander Novak told his Saudi counterpart Khalid al-Falih when the two met in Baku in March that he cannot guarantee an extension to the end of 2019.