Russia, Saudi agree to extend oil cuts for as long as 6 to 9 months: Putin

OSAKA (Reuters) - Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy.

Putin, speaking after talks with Saudi Crown Prince Mohammed bin Salman, told a news conference the deal - which is currently due to expire on Sunday - would be extended in its current form and with the same volumes.

The Organization of Petroleum Exporting Countries, Russia and other producers, an alliance known as OPEC+, meet on July 1-2 to discuss the deal that involves curbing oil output by 1.2 million barrels per day (bpd). The United States is not participating in the pact.