Tokyo — Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and the Opec cartel called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices. Gains were also supported by a warning from Halliburton’s executive chairman that the growth in North America’s rig count was "showing signs of plateauing", a possible threat to US shale oil production. Global benchmark Brent crude for September delivery was up 28c at $48.88 a barrel by 5.40am GMT after settling 1.1% higher on Monday. US West Texas Intermediate (WTI) futures were up 28c as well, at $46.62. In a meeting in St Petersburg on Monday, the Organisation of the Petroleum Exporting Countries and non-Opec producers discussed extending their deal to cut output by 1.8-million barrels a day beyond March 2018 if necessary. Saudi Energy Minister Khalid al-Falih said his country would limit its crude exports to 6.6-million barrels a day in Augu...
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