The hottest Saudi energy minister said he would st
2022-10-03- Detail
Saudi energy minister said he would strictly abide by the production reduction to avoid stimulating the market
Saudi energy minister said he would strictly abide by the production reduction to avoid stimulating the market
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January 17, 2017
[China paint information]
Saudi energy minister Khalid al Falih said on Monday (January 16) that Saudi Arabia would strictly abide by the provisions of the production reduction agreement
last week, Falih said that Saudi Arabia's daily production has been reduced to less than 10million barrels. This means that Saudi Arabia has reduced its daily production by more than 486000 barrels, which is the same as the commitment made in the production reduction agreement last year
when asked "and whether Saudi Arabia will maintain the state of vigorously promoting breakthroughs in key areas, Falih said:" we will strictly abide by our commitments. ", And added that in the six-month agreement, Saudi Arabia's production will remain at or below the target
falih also said in an interview: "I am full of confidence in the production reduction agreement, but we don't want to surprise the market in any form... Once we make the global oil inventory close to the five-year average level, we will let the market adjust freely."
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