November 11, 2019 / 8:13 AM / 2 months ago

Oman oil minister says oil producers likely to extend cuts deal

ABU DHABI (Reuters) - Oman’s oil minister said on Monday that OPEC and non-OPEC producers are likely to extend an agreement to cut oil production next year, but deeper cuts were unlikely.

Mohammed bin Hamad al-Rumhy said Oman was satisfied with the current oil prices which are “good” for the economy. Oil demand is improving as trade tensions softened, he said.

Reporting By Stanley Carvalho and Dahlia Nehme; editing by Jason Neely

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