OPEC and its allies would only ease supply curbs and pump more oil once global c...
VIENNA - OPEC and its allies would only ease supply curbs and pump more oil once global crude inventories fall and pricing reflects a tighter market, Saudi Arabia’s energy minister told Reuters.
“The jury is still out where will we be in March,” he said regarding the level of supply the market will need then. He said the steeper the structure was for later months, the better as it would indicate OPEC+ was doing a good job in destocking. The minister also stressed the need for producers such as Iraq and Nigeria to improve their compliance with promised cuts.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Saudi minister looks to make his mark as OPEC meeting gets underwayJust over three months on the job, Saudi Arabia's energy minister has already faced unprecedented challenges.
Weiterlesen »
Saudi Aramco prices shares at top of range in world's biggest IPORIYADH/DUBAI Reuters - State-owned oil giant Saudi Aramco's initial public ...
Weiterlesen »
Asian shares up as trade optimism lingers, oil firm on OPEC+ output cutAsian stocks gained on Friday as investors took heart from U.S. President Donald...
Weiterlesen »
Saudi Aramco prices shares at top of range in world's biggest IPO: sourcesDUBAI/RIYADH Reuters) - State-owned oil giant Saudi Aramco's initial public...
Weiterlesen »
OPEC considers deeper output cuts as global growth slowsPrices have held relatively steady since the last OPEC meeting, with a barrel of Brent crude hovering around the $60 mark, apart from a spike in September sparked by attacks on Saudi oil installations.
Weiterlesen »
Aramco IPO has dug Saudi an even deeper holeThe oil giant’s oversubscribed $25.6 billion listing was supposed to bring in foreign cash to diversify the kingdom away from oil. In the process, it has loaded up local investors with overvalued stock. Saudis have in one sense wound up more leveraged to crude prices, not less.
Weiterlesen »