Russia and Saudi Arabia agree to extend deal with Opec to curb oil output

By Reuters

Vladimir Putin says deal due to expire on Sunday will be extended by six to nine months

Mikhail Svetlov/Getty Images

Russia and Saudi Arabia agree to extend Opec deal.

Russia has agreed with Saudi Arabia to extend by six to nine months a deal with Opec on reducing oil output, the Russian president, Vladimir Putin, said, as oil prices come under renewed pressure from rising US supplies and a slowing global economy.

More at The Guardian