Saudi oil minister hopes OPEC, allies can ease output curbs in 2019

Saudi oil minister hopes OPEC, allies can ease output curbs in 2019

Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent framework to stabilise oil markets after the current supply cut deal ends this year, its oil minister said on Saturday. The pact, aimed at propping oil prices, began in January 2017 and will run until the end of 2018. Saudi Arabian oil minister Khalid al-Falih said OPEC and its allies were committed to bringing balance and stability to the market and that he hoped it would be possible to ease output curbs next year.

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Source:: https://finance.yahoo.com/news/saudi-oil-minister-hopes-opec-072136600.html