More comments are crossing the wires from the Saudi Arabian Energy Minister Khalid Al-Falih, as he continues to speak about the oil output policy.
“Allocations for June will be made in a couple of weeks so we will see what customers want.
Our intent is to remain voluntary oil production limit but to be responsive to our customers’ needs.
We think there will be an uptick in real demand but we will not increase our oil output pre-emptively.
Most likely we will keep some level of oil production management beyond June.”
Sees Saudi staying within OPEC production limit.
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