Saudi OPEC Governor: Conviction of a renewal of the OPEC production cut deals in order to 6 months to take

FXStreet — Saudi Arabia’s OPEC Governor, Adeeb Al-Aama, spoke about the potential extension of the OPEC Oil production cuts, Reuters reported.

Important Quotes:

«The consensus among the participating countries, not in the direction that an extension of the deal to the reduction of Production is sought.

«On the Basis of the present data, the Conviction is growing that a 6-month extension is required to ensure the market of a balance, but the Longer the extension is not fixed yet.»

** FXStreet News Editorial, FXStreet**

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