OPEC Intends to Extend Partnership

Forex News

United Arab Emirates Minister for Energy Suhail al-Mazroui said he was determined that members who are not members of OPEC should join the cartel with 14 members, since there is definitely a desire to expand OPEC.

OPEC members are reportedly forming a consensus around extending by nine months their production cutting deal with other crude exporters. The exporters reached the deal last December and have already extended the agreement once through March 2018.