Saudi Arabia’s energy minister Khalid al-Falih on Sunday laid out his case for OPEC and its allies to continue their oil production cuts, despite fraught geopolitics, saying global supplies are still plentiful and inventories high. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “My recommendation to my colleagues will be to drive inventories down to stay on the trajectory to bring inventories down to a normal level,” Falih said, ahead of a meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee that he co-chairs with Russian counterpart Alexander Novak. Falih said Saudi crude production would remain around 9.7 million to 9.8 million b/d for May and June, well below its quota of 10.31 million b/d under the deal. Novak told reporters that the committee may consider proposals that include easing up on the 1.2 million b/d in supply cuts that the coalition […]