Saud’s OPEC Governor: Growing conviction that 6-month OPEC cut deal extension may be needed

Saudi Arabia's OPEC governor, Adeeb Al-Aama, was on the wires last hour, via Reuters, commenting on a potential OPEC oil  output cut deal extension.

Key Quotes:

"There's an emerging consensus among participating countries on the need to extend the production agreement reached last year"

"Based on today's data, there's a growing conviction that a six-month extension may be needed to rebalance the market, but the length of the extension is not firm yet"