Saudi energy minister says OPEC oil output cut helping balance market | Reuters

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

Reuters May 22, 2017 23:00:05 IST
Saudi energy minister says OPEC oil output cut helping balance market
| Reuters

Saudi energy minister says OPEC oil output cut helping balance market
 Reuters

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.

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