Putin, MBS Agree To Extend Oil Output Cuts, Making OPEC+ Meeting A Formality

Putin, MBS Agree To Extend Oil Output Cuts, Making OPEC+ Meeting A Formality

Officially, OPEC+ won't meet until next week, but when it comes to whether the output cuts will be extended, there are only two people whose opinion actually matters: Vladimir Putin and Saudi Crown Prince Mohammed bin Salman. The two met at the G20 in Japan and, according to Putin, agreed that the OPEC+ agreement would be extended for six to nine months. “We have agreed: we will continue our agreements", Putin said. “In any event we will support the continuation of agreements, both Russia a
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