Tuesday , July 27 2021

Saudi Arabia considers OPEC and its oil allies to propose to reduce production

Saudi Arabia, OPEC and oil allies to reduce the production of up to 1 million bpd & # 39;

photography JOE KLAMAR / AFP

The two sources said the talks are not over yet, because a large part depends on the decline in Iranian exports.
The market monitoring committee will meet on Sunday in Abu Dhabi as a source, "There is a general discussion on this issue, but the size of the market needs the reduction problem," he said.
When asked if the market was balanced, Saudi Energy Minister Khaled al-Falaj said: "We will recognize us.

Last month Faleh said it should be intervened to reduce stocks in recent months.
This month, the US imposed sanctions on Iran's reduction of oil exports because it aimed to curb Iran's nuclear and missile programs and to support allied armed forces in Yemen, Syria, Lebanon and other parts of the Middle East.

Source link