Tuesday , June 15 2021

Al Ittihad – Saudi Arabia: We will not only reduce the production of oil





Union

Economic development


Oil drive

Oil drive

Abuja,

Saudi energy minister Kalid al-Falih said on Wednesday that his country will not only reduce oil production to stabilize the market, while OPEC member Nigeria also said it is too early to say whether it will participate in any decision to reduce production. Faleh is in Abuja to meet with Nigerian Oil Minister Emmanuel Ebe Kachiko.
The Saudi minister said that the OPEC members from Iraq, Nigeria and Libya had positive signs before the Organization of Petroleum Exporting Countries scheduled for December 6 in Vienna, as all ministers want to restore stability in oil markets. Oil prices fell below $ 60 a barrel yesterday due to pressure from increased US stockpiles.


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