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.
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.
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.