Monday, 3 June 2019

#Saudi's Falih says OPEC+ consensus emerging on output deal in second half - Reuters

Saudi's Falih says OPEC+ consensus emerging on output deal in second half - Reuters:

Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC+ group of oil producers to continue working towards oil market stability in the second half of the year, the Saudi-owned Arab News newspaper reported on Monday.

Oil prices in May sustained their worst monthly fall in six months on worries that trade disputes would hit demand for crude.

Saudi Arabia produced 9.65 million barrels per day (bpd) of oil in May, a Saudi industry source said, a deeper cut than its target set by the Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+.

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