OPEC seeking ‘sufficient cut’ to balance oil market: Saudi Arabia

December 06, 2018 (MLN): OPEC is looking for a “sufficient” cut in oil production among its members in order to prop up plunging crude prices, Saudi Arabia's oil minister said on Thursday.

“We're looking for a sufficient cut to balance the market, equally distributed between countries,” Khalid al Falih told reporters ahead of an OPEC meeting in the Austrian capital.


Posted on: 2018-12-06T15:50:00+05:00