Saudi’s Al-Falih sees no need to alter oil-cuts deal

Al-Falih: ‘Additional production curbs aren’t necessary.’ – Bloomberg

ALMATY: Saudi Arabia doesn’t see any need for changes to the oil-cuts deal agreed on by Organisation of Petroleum Exporting Countries (Opec) and its allies last month in Vienna, Oil Minister Khalid Al-Falih said, according to Interfax.

“Additional production curbs aren’t necessary”, Al-Falih said last Saturday in Astana, Kazakhstan, according to the news service. The oil market will stabilize in the next few months, he said.