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Saudi OilMin Al-Falih: Confident that oil producers will reach full conformity with cuts

Further comments are crossing the wires from the Saudi Energy Minister Khalid Al-Falih, as he continues to speak about the OPEC+ output cuts.

Inventory levels and oil investments are the two main parameters guiding our action.

Oil industry estimates show we need $11trln over coming 2 decades to meet demand growth.

Other producers have assured him on full cuts compliance.

Confident that oil producers will reach full conformity with cuts and even exceed it in weeks to come.

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