Saudi's Falih: we are ready to replace Iranian oil after end of waivers - RIA news
MOSCOW - A global deal on oil production led by Russia and Saudi Arabia could be extended to the end of 2019, Saudi Energy Minister Khalid al-Falih told RIA news agency on Tuesday, without specifying whether or how much output levels could change.
“We will look at inventories - are they higher or lower than the normal level and we will adjust the production level accordingly. Based on what I see now ... I am eager to say there will be some kind of agreement,” Falih told Russia’s RIA.One of the key players on Moscow’s policy toward OPEC is Igor Sechin, head of Russian state oil company Rosneft.
Also last week, U.S. President Donald Trump told reporters he had called OPEC and told the group to lower oil prices, without specifying to whom he spoke or whether he was referring to previous discussions with OPEC officials.
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