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%.
