The Organisation of Petroleum Exporting Countries (OPEC) has been joined by non member states, thus, recording the first OPEC and non-OPEC oil deal since 2001.

Russia, one of the leading non-OPEC producers, with a number of oil producing countries, agreed to a deal in Vienna, Austria on Saturday afternoon.

The deal is expected to see a cut of about 600,000 barrels of oil a day from non-OPEC states, which would further push the price of oil to a record 2016 high.

The details of the deal would be made available to the media later on Saturday.

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