A global deal on oil production led by Russia and Saudi Arabia could be extended to the end of 2019, Saudi Energy Minister Khalid al-Falih told RIA news agency on Tuesday, without specifying whether or how much output levels could change. The Organization of the Petroleum Exporting Countries, Russia and other producers, an alliance known as OPEC+, agreed late last year to cut output by 1.2 million barrels per day in an effort to boost oil prices. They meet on June 25-26 to decide whether to extend the pact. Earlier in April, Moscow signaled OPEC and its allies could raise oil output from June because of improving market conditions and falling stockpiles. “We will look at (global oil) inventories – are they higher or lower […]