Saudi OilMin: We'll seek an extension of the cuts deal in May

More headlines crossed the wires earlier today from the Saudi Arabian oil minister Khalid A. Al-Falih, as cited by Reuters.

Key Headlines:

Output cuts have exceeded low expectations

OPEC performance on output curbs satisfactory in first 10 weeks of deal

Compliance will soon reach 100%

Total oil output cuts have exceeded 1.5 million bpd

 We'll seek an extension of the cuts deal in May