The fog has been cleared ahead of OPEC’s next policy meeting by Saudi Arabia and Russia declaring their support for extending a global deal to cut oil supplies for another nine months, OPEC’s secretary general told Reuters on Friday. The Organization of the Petroleum Exporting Countries, plus Russia and nine other producers, have cut output by about 1.8 million barrels per day (bpd) to get rid of a supply glut. The pact runs to March 2018 and they are considering extending it. Saudi Arabia’s Crown Prince Mohammad bin Salman said this week he was in favor of extending the term of the agreement for nine months, following on from similar remarks by Russian made by President Vladimir Putin on Oct […]