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Saudis say all 'on board' for extended oil output cut

However, initial price boost from historic agreement has faded as shale companies deploy more rigs and raise the US output to the highest since 2015

A view showing Saudi Aramco's Abqaiq oil facility in eastern Saudi Arabia in this undated handout photo.


ALL producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia's energy minister.

The extension through the first quarter of 2018 will help producers reach their goal of trimming global stockpiles to a five-year average,...

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