Saudi Arabia's Falih says OPEC should not crimp supply too tightly | Reuters

Saudi Arabia's Falih says OPEC should not crimp supply too tightly | Reuters:

"Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that OPEC should not crimp oil supply too tightly and said he was optimistic a global production deal to limit supplies could be reached by November.

Speaking at the World Energy Congress in Istanbul, Falih said OPEC, which agreed a deal to cut production in Algiers last month, needed to behave in a balanced and responsible manner and that he continued to believe in its important role.

"OPEC needs to make sure we don't crimp too tightly and create a shock to the market. We are going to be very responsible," Falih said."



'via Blog this'