May 25, 2017 / 8:45 AM / 2 years ago

Extending OPEC-led oil output cuts by 9 months the best option: Iraq oil minister

Iraqi Oil Minister Jabar Ali al-Luaibi speaks during a media conference with Saudi Energy Minister Khalid al-Falih (not pictured) in Baghdad, Iraq, May 22, 2017. REUTERS/Khalid al Mousily

VIENNA (Reuters) - Iraqi Oil Minister Jabar Ali al-Luaibi said on Thursday that extending the current level of OPEC-led supply cuts by nine months was the best option to restore balance to the crude market.

The minister added that a proposal for a nine-month extension with deeper cuts was also on the table.

Reporting by OPEC team; editing by Jason Neely

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