VIENNA, May 25 (Reuters) - Kuwaiti Oil Minister Essam al-Marzouq said on Thursday he did not expect OPEC oil producers to discuss any deepening of their oil output reduction target at a meeting where extending the length of the deal is on the agenda.
Marzouq told reporters ahead of the meeting that the oil market had already absorbed a rise in shale oil output and that he expected a nine-month extension to the agreement that has seen 22 oil producers target a reduction of 1.8 million barrels per day for the first half of 2017.
(Reporting by Vladimir Soldatkin; editing by Jason Neely) ((vladimir.soldatkin@reuters.com ; +7 495 775 12 42; Reuters Messaging: vladimir.soldatkin.thomsonreuters.com@reuters.net))
Marzouq told reporters ahead of the meeting that the oil market had already absorbed a rise in shale oil output and that he expected a nine-month extension to the agreement that has seen 22 oil producers target a reduction of 1.8 million barrels per day for the first half of 2017.
(Reporting by Vladimir Soldatkin; editing by Jason Neely) ((vladimir.soldatkin@reuters.com ; +7 495 775 12 42; Reuters Messaging: vladimir.soldatkin.thomsonreuters.com@reuters.net))
