He's just trying to make sure that we all get the message
- There isn't a need to deepen cuts, just need to calibrate them
Oil markets are already well in tune with that sentiment over the last few weeks now but this basically seals the deal. Given the current backdrop, it would be a major embarrassment if they fail to reach a consensus to extend the deal in a couple of weeks' time. Not to mention that oil prices will take a significant hit if that happens.
