Citing sources close to Saudi Arabia’s decision makers, Reuters reported that Saudi Arabia, other OPEC states, and non-OPEC allies look to stick to a global pact on cutting oil supplies until the end of the year but would be ready to make gradual adjustments to offset any supply shortages if needed.
Any adjustment in oil output by OPEC, non-OPEC will be gradual, but no decision taken yet on volume or timing – Gulf source.
Oil market moving towards balance but OPEC, non-OPEC allies “Not ready yet to fully lift controls” – Gulf source
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