It is “inevitable” that OPEC and partners will agree next week to gradually roll back some of the production cuts that have been in place since January 2017, Saudi Arabia’s Energy Minister Khalid al-Falih said on Thursday in Moscow. Speaking to reporters after a meeting with Russia’s Energy Minister Alexander Novak, the minister of OPEC’s biggest producer Saudi Arabia, said , “I think it’s inevitable.” “I think it will be a reasonable, moderate agreement. It’s not going to be anything outlandish. We will be easing our ceilings back,” al-Falih said, as quoted by Platts. Asked about what he thinks the outcome of the much-anticipated meeting will be, al-Falih said : “I think we’ll come to an agreement that satisfies most importantly the market.” Russia and Saudi Arabia are leading a campaign to justify rolling back some of the OPEC/NOPEC production cuts, and are facing opposition from a bloc within […]