Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Monday January 25 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Saudi energy minister says nine-month OPEC+ extension most likely

30 June 2019 13:02 (UTC+04:00)
1 676

By  Trend

Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC and its allies led by Russia would most likely extend their oil output-cutting deal by nine months and that no deeper reductions were needed, Trend reports citing Reuters.

“I think most likely a nine-month extension,” Falih told reporters when asked about Saudi preferences.

Asked about a deeper cut, he said: “I don’t think the market needs that.”

“Demand is softening a little bit but I think it’s still healthy,” he said, adding that he expected the market to balance in the next six to nine months.

Russia has agreed with Saudi Arabia to extend the deal with OPEC, Russian President Vladimir Putin said earlier, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy.

Oil ministers from the Organization of the Petroleum Exporting Countries meet on Monday in Vienna, followed by talks with non-OPEC oil producers on Tuesday.

---

Follow us on Twitter @AzerNewsAz         

 
  • #SAUDI ARABIA
  • #OPEC+

Related News

OPEC+ ministers to continue talks on Tuesday evening for lack of consensus

OPEC+ ministers to continue talks on Tuesday evening for lack of consensus

5 January 11:46
OPEC+ monitoring committee issues no production recommendations for February - sources

OPEC+ monitoring committee issues no production recommendations for February - sources

5 January 10:38
Azerbaijan's Energy Ministry, Saudi ACWA Power to sign agreement on wind farm project

Azerbaijan's Energy Ministry, Saudi ACWA Power to sign agreement on wind farm project

28 December 2020 16:30
Prince of Kingdom of Saudi Arabia congratulates President Aliyev

Prince of Kingdom of Saudi Arabia congratulates President Aliyev

23 December 2020 19:00
OPEC+ supports 0.5 mln bpd output growth since January, monthly meetings

OPEC+ supports 0.5 mln bpd output growth since January, monthly meetings

4 December 2020 14:33
OPEC+ resumes talks on 2021 oil policy amid disagreements

OPEC+ resumes talks on 2021 oil policy amid disagreements

3 December 2020 11:35
Azerbaijani FM, counterparts mull regional security, Karabakh peace deal

Azerbaijani FM, counterparts mull regional security, Karabakh peace deal

27 November 2020 11:37
OPEC+ countries agree to honor commitments in full scope

OPEC+ countries agree to honor commitments in full scope

20 October 2020 12:21
OPEC+ compliance in August seen at 101 pct

OPEC+ compliance in August seen at 101 pct

16 September 2020 18:00
Azerbaijan's trade turnover with Saudi Arabia up in Jan-July

Azerbaijan's trade turnover with Saudi Arabia up in Jan-July

28 August 2020 16:33
  • Latest
  • Popular
24 January 16:58 • Body of Azerbaijani citizen killed on Turkish ship to be sent to his homeland soon - Azerbaijani Foreign Ministry
24 January 15:16 • Expert talks promoting import of electric and hybrid vehicles to Azerbaijan
24 January 15:00 • Azerbaijan shows footage from Jomerd village of liberated Kalbajar district [PHOTO/VIDEO]
24 January 14:53 • Country registers 287 new COVID-19 cases
24 January 13:44 • WHO reports over 600,000 new daily cases of COVID-19
24 January 13:28 • Iran to begin COVID-19 vaccinations in coming weeks: President Rouhani
24 January 13:10 • Pirates hijack Turkish ship off coast of Guinea, one person killed
24 January 12:52 • Azerbaijan shares footage from Ashaghi Veysalli village of Fuzuli district [PHOTO/VIDEO]
24 January 12:35 • Yukselish competition organizes webinar presented by Azerbaijani president's assistant [PHOTO]
24 January 12:17 • Azerbaijani expert talks impact of recycling old cars on traffic jams
24 January 12:00 • WHO office in Azerbaijan discusses project on preventing deaths from COVID-19 pandemic
24 January 11:43 • Azerbaijani, Turkish FMs discuss pirate attack on ship
24 January 11:25 • Trend TV shares video report from plundered during Armenian occupation Azerbaijani Zangilan
24 January 11:08 • Management of Azerbaijan's State Oil Company being improved - Decree
24 January 10:50 • New staff of Azerbaijani SOCAR's Supervisory Board approved
24 January 10:32 • Azerbaijani MoF issues footage from Kalbajar district's Gamishli village [PHOTO/VIDEO]
24 January 10:17 • Azerbaijan considering issues of regional schools damaged during Karabakh War
24 January 10:00 • Azerbaijani president expresses condolences to Ukranian counterpart
23 January 18:00 • Azerbaijan confirms 705 more COVID-19 recoveries
23 January 15:44 • Azerbaijan shares footage from Ashaghy Maralyan village of Jabrayil district
24 January 15:16 • Expert talks promoting import of electric and hybrid vehicles to Azerbaijan
24 January 16:58 • Body of Azerbaijani citizen killed on Turkish ship to be sent to his homeland soon - Azerbaijani Foreign Ministry
24 January 15:00 • Azerbaijan shows footage from Jomerd village of liberated Kalbajar district [PHOTO/VIDEO]
24 January 11:25 • Trend TV shares video report from plundered during Armenian occupation Azerbaijani Zangilan
24 January 12:17 • Azerbaijani expert talks impact of recycling old cars on traffic jams
24 January 10:17 • Azerbaijan considering issues of regional schools damaged during Karabakh War
24 January 13:10 • Pirates hijack Turkish ship off coast of Guinea, one person killed
24 January 10:50 • New staff of Azerbaijani SOCAR's Supervisory Board approved
24 January 13:28 • Iran to begin COVID-19 vaccinations in coming weeks: President Rouhani
24 January 10:00 • Azerbaijani president expresses condolences to Ukranian counterpart
24 January 10:32 • Azerbaijani MoF issues footage from Kalbajar district's Gamishli village [PHOTO/VIDEO]
24 January 11:08 • Management of Azerbaijan's State Oil Company being improved - Decree
24 January 12:35 • Yukselish competition organizes webinar presented by Azerbaijani president's assistant [PHOTO]
24 January 12:52 • Azerbaijan shares footage from Ashaghi Veysalli village of Fuzuli district [PHOTO/VIDEO]
24 January 13:44 • WHO reports over 600,000 new daily cases of COVID-19
24 January 11:43 • Azerbaijani, Turkish FMs discuss pirate attack on ship
24 January 12:00 • WHO office in Azerbaijan discusses project on preventing deaths from COVID-19 pandemic
24 January 14:53 • Country registers 287 new COVID-19 cases
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved