Saudi OilMin Al-Falih: OPEC needs 'to stay the course' on supply cut pact
|Reuters reports the latest comments from Saudi Arabian Energy Minister Khalid al-Falih on Sunday, who was speaking at a press briefing in Baku,
Al-Falih noted: “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.”
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.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.