Saudi OilMin Al-Falih urges global oil producers to extend output cut deal beyond 2018 – CNBC

Speaking to reporters ahead of an OPEC joint ministerial committee, Saudi Arabia's energy minister Khalid al-Falih said there was an acceptance that the OPEC deal should extend beyond 2018, as reported by CNBC.

Key quotes (via CNBC)

Khalid al-Falih also raised the prospect of a new form of agreement rather than continuing with the same level of production cuts. 

It was the first time OPEC kingpin Saudi Arabia had publicly suggested a new form of coordination among oil producers after 2018.