Kuwaiti's oil minister says extending the OPEC deal may be unnecessary

Thomson Reuters OPEC and its partners may not need to extend the November 2016 crude oil production cut agreement beyond its March 2018 deadline if everyone fully complies with their quotas, Kuwait’s Oil Minister Essam al-Marzouktoldmedia yesterday. Al-Marzouk noted that OPEC’s compliance rate had hit 116 percent, without adding, however, that this figure referred toAugustproduction specifically, while the September data from OPEC’s secondary sourcesrevealedthat compliance had fallen, with...