Saudi oil minister says sees likelihood of output cuts extension

Comments by Saudi oil minister, Khalid Al-Falih

OPEC
  • Need to continue to moderate oil production in 2H 2019
  • Oil market is responding to output cuts

I wouldn't doubt that OPEC members are considering to extend the current production cuts beyond the summer. However, the wild card remains Russia, who so far hasn't really done much to keep up with their end of the bargain since December.

investingLive Premium
Telegram Community
Gain Access