Khaled Al-Falih: "Decision on extending OPEC + agreement may be made in June"
  • ECONOMY

  • 13:13 18 March 2019

Khaled Al-Falih: "Decision on extending OPEC + agreement may be made in June"

The decision to extend the OPEC + agreement may be adopted in June but not in April, said the Minister of Energy of Saudi Arabia, Khaled Al-Falih, at the 13th meeting of the Joint Monitoring Committee of the OPEC and Non-OPEC countries in Baku, ONA reports.

According to him, it is too early to discuss the extension of the OPEC + agreement for the second half of 2019.

"The decision will most likely be made in June. Commercial oil reserves are rising and the oil market is still full. Even if the oil reserves increase, it will have to return to the market balance," he said.

Aida Tinayeva

Tags: Khaled Al-Falih OPEC/ Non-OPEC

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