Saudis are certain that OPEC+ will extend oil cuts in 2019

Saudis are certain that OPEC+ will extend oil cuts in 2019

OPEC, Russia and other oil producers will continue to trim production next year to balance the market, according to Saudi Arabian Energy Minister Khalid Al-Falih, Bloomberg reports.

“We will meet in April and I’m certain that we will extend it,” Al-Falih told reporters in Riyadh, referring to the next meeting of OPEC+ members to discuss whether to extend the December agreement to reduce output. “We need more time to achieve the result.”

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