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"OPEC" agree to extend the agreement "cut production" another 9 months

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After a meeting of more than 6 hours, OPEC concluded its meeting in the Austrian capital Vienna.

Moscow – .. A source at an OPEC delegation said on Monday that the OPEC countries had decided to hold the next ministerial meeting of the Organization on 5 December.

The source told . that the meeting would be "on 5 December."

According to the Agence France-Presse (AFP) an OPEC minister said the meeting reached an agreement to extend current production levels for nine months.

Reuters quoted the Iraqi oil minister as announcing the approval of OPEC's charter and independent producers.

For his part, the Saudi Energy Minister said that the global economy in the second half of the year looks better than it appeared a week ago.

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