ﻣﻮﻗﻊ ﺻﺪﻱ اﻟﺒﻠﺪ

Supervisor
Elham AbolFateh

Middle East

Saudi energy minister confident in full compliance with OPEC supply cuts within weeks

Monday 18/March/2019 - 01:43 PM
Saudi Energy Minister
Saudi Energy Minister Khalid al-Falih
Saudi Arabia’s energy minister said on Monday that he was confident that OPEC and its non-OPEC partners will reach full conformity with cuts، and even exceed it، in weeks to come, Reuters reported.

Inventory levels and oil investments are the main factors guiding the group’s action، Khalid al-Falih told reporters in Baku.

Oil industry estimates show that $11 trillion in investments will be needed over the coming two decades to meet demand growth، he said.

BAKU (Reuters) - Saudi Arabia’s energy minister said on Monday that he was confident that OPEC and its non-OPEC partners will reach full conformity with cuts، and even exceed it، in weeks to come.

Inventory levels and oil investments are the main factors guiding the group’s action، Khalid al-Falih told reporters in Baku.

Oil industry estimates show that $11 trillion in investments will be needed over the coming two decades to meet demand growth، he said.

Comments

ads

Poll

What do you think about our new design?

What do you think about our new design?
ads