There's a risk that the oil output deal won't be extended

Comments from Russia's Rosneft energy company

• There's a risk that the oil output deal won't be extended due to the position of the main market participants

• Deal has proven to be sustainable

• Output deal with OPEC has been more the 90% fulfilled despite expectations

• Main threat to deal comes from US shale producers

• US shale productions will be setting oil prices in the future

• A long-term output deal could be very useful for the global economy and the oil industry

• Global demand dynamics and reduced investments will help balance the oil market in the long-term if there's no extension

So far OPEC compliance to the deal is running at around 90/95% while non-OPEC is around 60%.