OPEC’s biggest producer and de facto leader Saudi Arabia hopes that the cartel and its Russia-led non-OPEC partners in the production cut deal will sign an ‘open-ended’ cooperation deal when they meet in Vienna in December, Saudi Arabia’s Energy Minister Khalid al-Falih told Russian news agency TASS in an interview published on Monday. Asked to elaborate on the OPEC/non-OPEC plans about the future of the production cut deal, which expires at the end of this year, al-Falih said that the OPEC+ alliance has been working for nearly two years, and “we want to sign a new cooperation agreement that is open-ended.” “That does not expire after 2020 or 2021. We will leave it open. And what we would like to do is continue for OPEC and non-OPEC to work together. And the difference is that there will be no fixed term for the agreement, which allows us to bring […]