Malaysia will extend its oil production cuts until the end of 2018, in line with its commitment to reduce global supply as part of a deal struck between OPEC and other global oil producers.
OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to clear a global glut of crude, while still signalling a possible early exit from the deal if the market overheats.
OPEC and Russia combined produce over 40 percent of global oil. Read More…
Malaysia Agrees To Extend Crude Oil Output Cuts Until End-2018 added by ET Energy World on
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