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  • OPEC looking for sufficient oil output cut: Saudi Arabia

    Source: Xinhua| 2018-12-06 20:56:31|Editor: Li Xia
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    AUSTRIA-OPEC-OIL PRODUCTION-CUT

    Saudi Energy Minister Khalid Al-Falih (R) is interviewed before the closed-door meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, Dec. 6, 2018. In a press release, OPEC said it is important to examine the potential gap between supply and demand in 2019. (Xinhua/Liu Xiang)

    VIENNA, Dec. 6 (Xinhua) -- Saudi Arabia on Thursday said the Organisation of the Petroleum Exporting Countries (OPEC) is looking for a sufficient cut to balance the oil market, ahead of the meeting with other OPEC members.

    "We are looking for a sufficient cut to balance the market," Saudi Energy Minister Khalid al-Falih told reporters before the closed-door meeting in Vienna.

    In a press release, OPEC said it is important to examine the potential gap between supply and demand in 2019.

    KEY WORDS: OPEC
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