The possibility of OPEC deciding to extend the deadline of its November 30 oil output cut agreement is growing, according to one former senior U.S. energy official. Former Assistant Secretary of Energy Chuck McConnell told Sputnik, however, that this decision will hardly affect prices in any significant way. McConnell’s comments come on the heels of reports that Kuwait has called for an extension of the deal – the first OPEC member to acknowledge the fact that international oil markets are not regaining their balance as fast as initially expected by the group, thanks largely to growing U.S. production. Although there are expectations that prices will soar if OPEC announces an extension, McConnell believes this will not be the case, because the market is already relatively stabilized. Besides, he said, “I think the OPEC situation and the deal is not a governing factor for how the market will go forward. […]