Saudi energy minister says OPEC+ oil output deal could be tweaked

SourceZawya
SectorOil & Gas
CountrySaudi Arabia

LONDON- The OPEC+ deal on oil output cuts could be adjusted as it has been in the past if there is consensus among members of the informal producers' group, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman told a conference on Monday.The Saudi minister was commenting after being asked whether OPEC+ - which groups OPEC states, Russia and other producers - would keep existing cuts of 7.7 million barrels per day (bpd), rather than easing them from January to 5.7 million bpd."We did tweak and I believe with consultation with our friends, some of them are present here and some of them are not, but I know how heartily they are committed to the principle of tweaking," he told the ADIPEC conference."I would go and argue it could be a ...read more...