Saudi-Russia deal extension supported by Iraq

Alexander Novak, the Russian oil minister, along with Saudi counterpart Khalid-al-Falih, has signaled an agreement last week between the two biggest oil producers in the world to extend the current the supply deal, which is aimed at removing 1.8 million barrels worth of supplies, Iraq has joined the initiative before the much anticipated OPEC ministers’ meeting in Vienna headquarter on 25th of May.


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