saudi arabia ready to extend oil output cut deal
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Saudi Arabia ready to extend oil output cut deal

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Saudi Arabia ready to extend oil output cut deal

Crown Prince Mohammed bin Salman
Alkhobar - Al Maghrib Today

Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement.
“The Kingdom affirms its readiness to extend the production cut agreement, which proved its feasibility by rebalancing supply and demand,” the crown prince said in a statement.
“The high demand for oil has absorbed the increase in shale oil production,” the crown prince added.
He made similar comments to Reuters in an interview published on Thursday about the position of the Kingdom towards the extension of the oil deal and condition of the market.
“We will support anything to stabilize the oil demand and supply,” he told Reuters when asked whether Saudi Arabia would support extending the agreement until the end of 2018.
“I think now the oil market swallowed the shale oil supply, now we are regaining things again,” he told Reuters.
His comments gave a boost to oil prices, with Brent crude on Friday trading above $60 a barrel for the first time since July 2015. 
Saudi Arabia, the biggest producer within the Organization of the Petroleum Exporting Countries (OPEC), is leading OPEC and other oil producers such as Russia to restrict supplies under a global pact to drain global inventories and boost prices.
OPEC, plus Russia and nine other producers, have cut oil output by about 1.8 million barrels per day (bpd) since January. The pact runs to March 2018, but an extension is under consideration.
OPEC and non-OPEC producers meet on Nov. 30 to set oil policy.

Source: arabnews

 
almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi arabia ready to extend oil output cut deal saudi arabia ready to extend oil output cut deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi arabia ready to extend oil output cut deal saudi arabia ready to extend oil output cut deal

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 05:22 2015 Monday ,02 February

Djokovic, Serena live up to top billing

GMT 17:23 2015 Wednesday ,08 April

22 dead in rebel shelling on Yemen's Aden

GMT 13:32 2017 Sunday ,23 April

Strike hits makeshift Syria ‘cave’ hospital

GMT 12:49 2017 Friday ,27 October

Key events since Catalonia's independence vote

GMT 13:12 2011 Tuesday ,13 September

International cartoon festival to open in S China

GMT 13:08 2017 Saturday ,02 December

Russia breathe sigh of relief

GMT 15:29 2012 Thursday ,08 March

NBA: Cleveland 100, Denver 99

GMT 18:03 2016 Tuesday ,09 February

Police Academy will remain training African cadres

GMT 03:27 2013 Wednesday ,06 February

New Citroen DS3 Cabrio

GMT 13:13 2011 Friday ,16 December

Hyundai i-oniq Concept for Geneva 2012

GMT 14:56 2011 Thursday ,15 December

Buick Teases New Encore Crossover

GMT 16:54 2014 Wednesday ,16 July

Mali government 'ready to go far' in peace talks

GMT 09:14 2012 Sunday ,19 August

Sofia Vergara in figure hugging dress

GMT 11:06 2017 Thursday ,09 March

Game can add thousands of extra steps

GMT 10:45 2014 Wednesday ,28 May

Poet Lars L Lien makes his literary debut

GMT 15:51 2011 Saturday ,09 July

House speaker reiterates support of free media

GMT 15:09 2011 Saturday ,09 July

Fall-out spreads in UK newspaper scandal

GMT 12:49 2013 Friday ,27 December

Remote controlled cars

GMT 02:02 2012 Friday ,02 November

The House That The Angels Do Not Enter

GMT 10:55 2012 Monday ,07 May

2013 Dodge Viper

GMT 23:54 2014 Monday ,29 September

Nouri launches 2014-2015 crop year in Ain Defla

GMT 05:53 2017 Monday ,30 January

Benin hit by neighboring Nigeria’s car import ban

GMT 13:19 2011 Friday ,28 October

Watch an RS4 on Forza 4’s TG track
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday