BAGHDAD Saudi Energy Minister Khalid al-Falih said on Monday that an OPEC-led oil output cut had helped balance the market, aiding a recovery in the industry but not a complete one.
The minister was speaking in Baghdad before heading to Vienna where the Organization of the Petroleum Exporting Countries will meet this week to decide whether to extend output cuts that are due to end in June.
(Reporting by Ahmed Rasheed and Isabel Coles; Editing by Edmund Blair and David Evans)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Your guide to the latest cricket World Cup stories, analysis, reports, opinions, live updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook page for updates throughout the ongoing event in England and Wales.
Updated Date: May 22, 2017 23:00:05 IST