Offshore

OPEC, Russia signal global oil alliance may endure past 2018

Russia is prepared to continue cooperation with OPEC's de-facto leader Saudi Arabia and maintain the oil production cap at least throughout 2018.
Photo: /ritzau/AP/Ronald Zak
Photo: /ritzau/AP/Ronald Zak
by Elena Mazneva, Wael Mahdi, Grant Smith and Annmarie Hordern

OPEC and Russia reaffirmed that they'll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their readiness to cooperate beyond that.

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