Hirunews Logo
Saudi+Arabia%2C+Kuwait+signal+likely+extension+of+oil+output+cut
Friday, 21 April 2017 - 14:00
Saudi Arabia, Kuwait signal likely extension of oil output cut
11

Shares
1,332

Views

Leading Gulf oil exporters Saudi Arabia and Kuwait gave a clear signal yesterday that OPEC plans to extend into the second half of the year a deal with non-member producers to curb supplies of crude.

Saudi Energy Minister Khalid al-Falih said Consensus is growing among oil producers that a supply restraint pact that started in January should be prolonged after its initial six-month term

Kuwait's oil minister Essam al-Marzouq said he expected the agreement to be extended.

The Organization of the Petroleum Exporting Countries and non-OPEC meet on May 25th to discuss extending the curbs that total 1.8 million barrels daily, two-thirds of that from OPEC.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
Farmers occupy A-9 road to dry paddy
Thursday, 22 February 2018 - 13:52
The drivers who are using the A-9 road complain that farmers have occupied certain sections of the road stretch from Puliyankulama to Mullaitivu to dry... Read More
Hiru News Programme Segments
3,511 Views
15,512 Views
662 Views
3,078 Views
432 Views
16,975 Views