Oil's Big Two seeking smooth exit from cuts

Dubai

THE pledge Saudi Arabia and Russia made to keep working together on managing the oil market beyond 2018 shows the two energy giants are now looking to engineer an orderly exit from the deal and avoid crashing the prices they've worked so hard to revive.

"Keeping some level of production cuts into 2019 is the kind of thing that makes sense," said Robin Mills, chief executive officer of Dubai-based consultants Qamar Energy.