October 31, 2018 / 12:31 PM / 19 days ago

OPEC and non-OPEC producers may decide on new output limits in December: RIA

Saudi Energy Minister Khalid al-Falih addresses the gathering during India Energy Forum in New Delhi, India, October 15, 2018. REUTERS/Adnan Abidi

MOSCOW (Reuters) - OPEC and non-OPEC oil producers hope to sign a new cooperation agreement in December to set a production limit for the next year, Saudi Arabia’s Energy Minister Khalid al-Falih said on Wednesday, Russian state news agency RIA reported.

The current output cap deal between OPEC and some non-OPEC oil producers expires at the end of 2018.

Reporting by Denis Pinchuk; Writing by Andrey Kuzmin; Editing by Edmund Blair

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