Saudi Arabia calls for extending non-OPEC cooperation
Saudi Arabia’s Energy Minister Khaled Al-Falih
Muscat - Egypt Today
Saudi Arabia’s Energy Minister Khaled Al-Falih on Sunday called for extending cooperation between OPEC and non-OPEC oil producers beyond 2018 after a deal to shore up crude prices.
“We should not limit our efforts to 2018. We need to be talking about a longer framework for our cooperation,” Falih said before a meeting between OPEC and non-OPEC countries in Muscat.
This is the first time Saudi Arabia has explicitly called for extending a deal between oil producers to cut back production to combat a global oil glut.
Source:Arabnews
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