The Organisation of the Petroleum Exporting Countries, Russia and other producers will be looking to extend their oil output cut agreement when they meet in June, Oman’s energy minister Mohammed bin Hamad al-Rumhy said on Wednesday. The alliance, known as OPEC+, agreed last year to reduce output by 1.2 million barrels per day for six months from January 1. They will meet on June 25-26 to decide whether to extend the pact. “The goal is to renew the agreement made by the 31 countries. ..The most important thing for me is that we continue with the deal signed last year,” Rumhy said. A decision by the United States to halt waivers on Iran oil sanctions will not lead to a […]