Over the weekend, plenty of news on the extension of the OPEC/non-OPEC production cuts:

Weekend oil - OPEC heads towards supply cut extension

OIL - Could OPEC try to surprise the market by announcing deeper cuts, longer extension?

  • Iraq now, says it is ready to extend its agreement with the output cut accord
  • Will keep investing in oil even if the price falls to $10/bbl
  • Aims to increase its reserves to 178 bn barrels over the next two years