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Saudi Arabia ruled out extending the OPEC agreement
Date: 01/16/2017 12:55
Information / Baghdad ..
Ruled Saudi Energy Minister Khalid al-Falih, on Monday, extending the "OPEC" agreement with independent producers after six months in the light of the commitment to the agreement and to restore balance in the market level.
Faleh said the World Future Energy Summit in Abu Dhabi sidelines: "My expectations .. that the balance back to the market, which began gradually realized in 2016 will reflect the full impact by the first half (of the year)."
Falih said he believed that the extension is unlikely, pointing out that demand will grow in the summer and that the producers want to ensure there is enough supply in the market so as not to happen shortages or scarcity. " Finished / 25
http://almaalomah.info/2017/01/16/economic/122368
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