Saudi OilMin sees a 'moderate and reasonable' OPEC agreement being reached next week

Saudi Arabia’s Oil Minister Al-Falih is on the wires now, via Reuters, speaking ahead of the FIFA World Cup match between Russia and Saudi in Russia.
Key Points:
Sees a 'moderate and reasonable' OPEC agreement being reached.
Expects OPEC agreement to satisfy the oil market.
Doesn't expect disputes with Iran and Venezuela.
Heard a proposal to increase oil output by 1.8 mil bpd from different sources.
It is inevitable that agreement will be a gradual increase of oil output.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















