OPEC expects to stick to cuts in second half of 2018: Saudi minister

4 Dec 2017   OPEC

Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday oil producers might start discussing in June when to raise output once the market outlook was clearer, even though OPEC was expected to continue output curbs in the second half of 2018. The Organization of the Petroleum Exporting Countries and non-OPEC producers led by Russia have agreed to extend oil output cuts until the end of 2018 to clear a global glut but have signaled a possible early exit if market overheated. Sponsored Falih said in Riyadh that the expectation was that “we will not alter our course in the second half of the year,” adding that this assumed there were no unexpected developments. “However, we think that the outlook for when […]

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