Saudi's Falih expects 'reasonable and moderate' oil agreement next week | Reuters

Saudi's Falih expects 'reasonable and moderate' oil agreement next week | Reuters:

"Saudi Energy Minister Khalid al-Falih expects a “reasonable and moderate” agreement next week when OPEC and non-OPEC oil-producing nations meet in Vienna, he told reporters in Moscow on Thursday.

The meeting between OPEC and non-OPEC nations, led by Saudi Arabia and Russia, is expected to decide next week whether their current pact to curb oil production needs to be adjusted, as a recent rise in the oil prices has raised concerns among some participants.

Falih, on a visit to Moscow to attend the World Cup opening, where the Russian and Saudi Arabian national soccer teams will play on Thursday, is due to meet Russian Energy Minister Alexander Novak and President Vladimir Putin before the game.

"



'via Blog this'