Saudi Energy Minister hopes OPEC agrees to extend production cut 'early July'

Saudi Energy Minister hopes OPEC agrees to extend production cut 'early July'

Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC would probably meet in the first week in July in Vienna and that he hoped it would reach consensus on extending its agreement to cut oil output, Euronews reports.

Falih said earlier this month that OPEC was close to agreeing to extend the agreement beyond June, although more talks were still needed with non-OPEC countries that were part of the production deal.

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