OPEC may extend oil production cuts until June

OPEC and its allies are likely to cut production until mid-2020 at the next meeting as well as Russia's support to push Saudi Arabia towards stabilizing oil prices amid the listing of Saudi oil giant Aramco. Saudi Arabia will announce the final pricing of Aramco on December 5. It hopes to be the largest IPO in the world, and informed sources said Saudi Arabia, the de facto OPEC leader, wants to focus first on strengthening compliance with the group's production cut agreement before committing to any further cuts.