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Saudi Energy Minister: Consensus building on extending supply curbs, talks continue

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Consensus is growing among oil producers that their supply restraint agreement should be extended after its initial six-month term, but there is as yet no agreement on the subject, Saudi Energy Minister Khalid al-Falih said on Thursday.

“There is consensus building but it's not done yet,” he told reporters on the sidelines of a conference in the United Arab Emirates. Asked about non-OPEC producer Russia, Falih replied: “We are talking to all countries. We have not reached an agreement for sure, but the consensus is building.”