Home Saudi OilMin Al-Falih: OPEC+ needs a few months to drain excess inventory

Saudi OilMin Al-Falih: OPEC+ needs a few months to drain excess inventory

Updated: 18 Mar. 2019 | 12:02

Saudi Energy Minister Khalid Al-Falih is now out on the wires, reiterating his earlier comments about staying confident that 100% compliance with the output cut agreement will continue for the next four months.

Key quotes (via Reuters)

JMMC meeting’s date to be announced in 2 weeks time.
OPEC+ needs a few months to drain excess inventory.
OPEC+ JMMC most likely to meet in first half of May.
Next OPEC+ meeting on June 25-26 in Vienna.

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