Official says Venezuela wants OPEC+ deal rollover until 2021

VIENNA, Dec 5 (PRIME) -- Venezuela would like to prolong an OPEC plus nonmember oil output reduction agreement until the end of 2020, CEO of state-run PDVSA Manuel Quevedo told reporters late on Wednesday.

In November 2016, OPEC and non-OPEC states including Russia first decided to reduce their oil output to rebalance the market, and agreed on additional reduction in December 2018. In July, they prolonged the deal until April 2020.

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