Monday, October 23, 2017

Kazakhstan Ready to Discuss Extension of Global Oil Output Cut Deal

Posted by October 11, 2017

Kazakhstan is open to discussing the possible extension of a global deal to cut oil production if such an issue arises, RIA news agency quoted Kazakhstan's energy ministry as saying on Wednesday.

"We have not received a proposal about an extension. If the issue of an extension arises, then it will be discussed with consideration of the oil price environment, as well as the supply and demand balance on the global oil market," RIA quoted the ministry as saying.
 
Reporting by Jack Stubbs; writing by Vladimir Soldatkin

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