Saudi Arabia’s Oil Minister Al-Falih is on the wires now, via Reuters, speaking ahead of the FIFA World Cup match between Russia and Saudi in Russia.
Key Points:
Sees a ‘moderate and reasonable’ OPEC agreement being reached.
Expects OPEC agreement to satisfy the oil market.
Doesn’t expect disputes with Iran and Venezuela.
Heard a proposal to increase oil output by 1.8 mil bpd from different sources.
It is inevitable that agreement will be a gradual increase of oil output.
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