The oil-producing cartel has officially agreed to extend production curbs until March 2020 after a meeting in Japan between Saudia Arabia's Crown Prince Mohammed Bin Salman and Russia's Vladimir Putin.
OPEC Secretary-General Mohammed Barkindo plays down suggestions that OPEC's decision-making process has now changed.Secretary General of OPEC, Mohammed Barkindo , Russia Energy Minister Alexander Novak , Saudi Arabia's Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih hold a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries in Vienna, Austria on November 30, 2017.
That has led to some suggestion that OPEC's new charter is now ignoring the voice of original member countries in order to keep Moscow happy. Barkindo told CNBC's Dan Murphy in Vienna on Tuesday that in fact member countries were pleased by Moscow's interventions.
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