The extended deal was labeled an “amendment” to the existing deal, and a “roll-over” to 31 December 2018 by Saudi Energy Minister Khalid al-Falih after the meeting.
Other than the end-date, previously March 2018, the details of the agreement remain the same. Opec is to produce at a level 1.2mn b/d below its baseline agreed on in November 2016, and the non-Opec participants will contribute a further 550,000 b/d. (CONTINUED - 1866 WORDS)
