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UAE says OPEC still debating duration of cuts extension
May 23, 2017 / 8:06 PM / 7 months ago

UAE says OPEC still debating duration of cuts extension

VIENNA (Reuters) - OPEC is still debating whether to extend oil output cuts by six or nine months, UAE Energy Minister Suhail bin Mohammed al-Mazroui said on Tuesday.

“We will listen to the analysis from the organization ... We need to see - six months or nine months,” he said. Asked whether cuts could be extended by 12 months, he said: “Let’s not go there.”

The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to decide on output policy after June.

Reporting by Ahmad Ghaddar and Vladimir Soldatkin; Editing by Dale Hudson

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