OPEC set to extend output cuts into 2020 as demand falters

The OPEC+ alliance is set to extend output cuts into 2020 as the world's leading oil exporters worry about the weakening outlook for global demand and the rise in US shale outputs.
Photo: Bloomberg
Photo: Bloomberg
By Golnar Motevalli, Grant Smith and Javier Blas, Bloomberg

The OPEC+ alliance is poised to extend production cuts into 2020 as the world's leading oil exporters fret about a weakening outlook for global demand growth and the relentless rise in output from America's shale fields.

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