Commodities OPEC, allies agree to deepen oil output cuts Updated : December 06, 2019 08:03 AM IST Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said OPEC could not say it had an agreement until it met with non-OPEC producers on Friday. The latest deal represents a compromise between de facto OPEC leader Saudi Arabia and Russia, the world's top oil exporters. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.