Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC and its allies le...
Saudi Arabian Energy Minister Khalid al-Falih, is seen after the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jeddah, Saudi Arabia, May 19, 2019. REUTERS/Waleed Ali
VIENNA - Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC and its allies led by Russia would most likely extend their oil output-cutting deal by nine months and that no deeper reductions were needed. “I think most likely a nine-month extension,” Falih told reporters when asked about Saudi preferences.“Demand is softening a little bit but I think it’s still healthy,” he said, adding that he expected the market to balance in the next six to nine months.
Russia has agreed with Saudi Arabia to extend the deal with OPEC, Russian President Vladimir Putin said earlier, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Monday in Vienna, followed by talks with non-OPEC oil producers on Tuesday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Saudi energy minister says nine-month OPEC+ extension most likelySaudi Energy Minister Khalid al-Falih said on Sunday that OPEC and its allies le...
Leer más »
Saudi's Falih says Russia, Saudi OPEC+ extension pact will help stabilize oil marketSaudi Arabian Energy Minister Khalid al-Falih said on Saturday that the agreemen...
Leer más »
Russia agrees with Saudi to extend OPEC deal by 6-9 months: PutinRussia has agreed with Saudi Arabia to extend by six to nine months a deal with ...
Leer más »
Russia, Saudi Arabia Reach Oil Output Agreement Ahead of OPEC TalksRussia and Saudi Arabia have agreed to extend a major oil output-cutting deal by six to nine months to help support the market, Russian President Vladimir Putin said after meeting Saudi Crown Prince Mohammed bin Salman.
Leer más »
OPEC to Extend Cuts Amid Dual Threats to Oil Supply, DemandOPEC is set to continue cutting production into the second half of this year when it meets on Monday, OPEC and Saudi officials said.
Leer más »
Japan's Abe offers Saudi crown prince help in reducing oil dependencyJapanese Prime Minister Shinzo Abe on Sunday praised Saudi Arabia's efforts...
Leer más »