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Saudi oil minister says OPEC production cut ‘imperative’

Posted on 14 November 2016

An agreement between OPEC nations over a cut in oil production is “imperative”, Saudi Arabia’s oil minister said, according to media reports on Sunday. Khaled al-Faleh called on cartel members to stick to the surprise cut deal, reached in Algiers in September, during a meeting with his Algerian counterpart Noureddine Boutarfa on Saturday.
“In this period marked by unstable oil prices it is imperative to reach a consensus between OPEC nations and to agree on an effective mechanism and precise figures to activate the historic Algiers accord,” Falih was quoted as saying by Algeria’s APS news agency…………………………………….Full Article: Source


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