OPEC and its Russia-led non-OPEC partners in the production cut deal may roll over in early December the current cuts into June 2020, as Russia will likely support the cartel’s efforts to raise the price of oil, Reuters reported on Thursday, citing OPEC sources and delegates. Currently, the partners in the deal have two main scenarios to discuss—either roll over the cuts through June next year when they meet early next month, or postpone a decision on the deal for early 2020, before the current cuts expire in March and again, roll over the production restrictions until June, a source at OPEC told Reuters. “It is more likely that we will extend the agreement in December to send a positive message to the market. The Saudis don’t want oil prices to fall, they want to put a floor under the prices because of the [Aramco] IPO,” the source said. […]