Saudi energy minister says OPEC needs 'to stay the course' on supply cut pact

BAKU (Reuters) - Saudi energy minister Khalid al-Falih said on Sunday the job of OPEC and its allies was not done yet adding that the group of oil producers needed to 'stay the course' at least until June when the current global supply cut agreement is due to expire.

Reuters March 18, 2019 00:05:07 IST
Saudi energy minister says OPEC needs 'to stay the course' on supply cut pact

Saudi energy minister says OPEC needs to stay the course on supply cut pact

BAKU (Reuters) - Saudi energy minister Khalid al-Falih said on Sunday the job of OPEC and its allies was not done yet adding that the group of oil producers needed to "stay the course" at least until June when the current global supply cut agreement is due to expire.

Falih who was speaking at a press briefing in Baku, said Saudi Arabia's oil production in April will be below its output target under the OPEC-led deal. "We will continue to lead by example and do what we have to do," he said.

(Reporting By Rania El Gamal)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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