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Non-OPEC producers join OPEC in extending oil output cut: delegates
May 25, 2017 / 4:05 PM / 6 months ago

Non-OPEC producers join OPEC in extending oil output cut: delegates

VIENNA (Reuters) - Non-OPEC oil producers led by Russia agreed on Thursday to join OPEC in extending production cuts for nine months until March 2018, OPEC delegates said.

A TV camera is seen outside the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017. REUTERS/Leonhard Foeger

The combined cap on oil output for the Organization of the Petroleum Exporting Countries and non-members was agreed at around 1.8 million barrels per day.

The next OPEC and non-OPEC meeting is scheduled for Nov. 30, delegates said.

Reporting by Reuters OPEC team; Editing by Dale Hudson

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