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Slippery road ahead for Opec's extended oil cut

Move will help drain glut, but many factors could still put the skids on the plan and boost US shale industry instead

Published Tue, May 16, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

London

THE world's two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that's kept crude prices in check for almost three years.

Saudi Arabia and Russia said in Beijing on Monday they favour prolonging this year's oil curbs to the first quarter of 2018.

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