Plans of the Organization of the Petroleum Exporting Countries (OPEC) and other supplies, especially Russia, to possibly continue curbing oil production for the rest of 2018 and potentially into 2019 gave a boost to oil prices.

“It’s all about sending a signal to the oil markets that if necessary this now OPEC Plus deal could be extended indefinitely,” Alexei Kokin, a senior oil and gas analyst at UralSib Financial Corp in Moscow, told New Europe by phone March 30.

He noted that Riyadh is ...

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