Oil producers consider output cut extension as support grows
OPEC members weigh an extension of their output reduction deal as member states say more time is needed to reduce the stockpiles. Ministers from oil countries have asked OPEC to make a recommendation a month from now on the possibility of prolonging the cuts.
BY WAEL MAHDI, ELENA MAZNEVA & SAM WILKIN, BLOOMBERG
Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles.