Reuters

OPEC extends oil cut to prop up prices as economy weakens

Published 15:40 1st Jul 2019.

Amrita Sen quoted on the reasons behind the length of the latest OPEC+ deal

'The reason for extending the deal by nine months instead of six is to assure the markets that the deal will remain in place through the seasonally soft demand period in the first quarter of 2020,' said Amrita Sen.

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