Global oil producers say possible to reach output cut when OPEC meets

Global oil producers say possible to reach output cut when OPEC meets
 

OPEC's top oil producer Saudi Arabia said on Monday a global production deal to limit supplies could be reached by the group's next formal meeting in November, when an invitation to join cuts could be extended to non-OPEC nations such as Russia.
"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," Saudi Arabia's Energy Minister Khalid al-Falih told the World Energy Congress in Istanbul, adding that OPEC needed to behave in a balanced and responsible manner.
Last month in Algiers, the Organization of the... read more

 
10 October 2016 in Business, Views: 38
Source: Reuters
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