Russia and Saudi Arabia Agreed to Maintain Oil Cuts🛢️

Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed Bin Salman to extend the OPEC+ agreement at current production levels for the rest of this year and potentially into early 2020.🛢️
Speaking at the Group of 20 summit in Japan, the Russian president said the extension of output cuts -- which expire at the end of June -- could be for six or nine months. His comments make the outcome of next week’s OPEC+ gathering in Vienna all but a foregone conclusion, and further reinforce Putin’s role as the ultimate policy maker within the group.
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Sources:
- Bloomberg
Music:
- 9th Symphony Finale by Beethoven