Saudi Arabia has told OPEC officials that it wants to extend the cartel’s agreement to cut crude-oil production for another six months when the group meets in May, people familiar with the matter said. Saudi support could increase chances that the 13-member Organization of the Petroleum Exporting Countries can come together on May 25 and renew its agreement to curb the world’s supply of oil. The group committed last year to cut about...

Source: Wall Street Journal April 11, 2017 16:41 UTC