OPEC will stick to policy in second half of 2018, Falih says

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Reuters RIYADH
Last Updated : Dec 04 2017 | 1:25 PM IST

RIYADH (Reuters) - OPEC is expected to stick to its current policy of output cuts in the second half of 2018, but oil producers have plenty of supply with which to respond to any sudden disruptions, Saudi Arabian energy minister Khalid al-Falih told reporters on Monday.

He was speaking after meeting with U.S. Energy Secretary Rick Perry, who said OPEC would make its own decisions and that he was comfortable the United States could work within those parameters.

(Reporting by Ranial El Gamal and Stephen Kalin; Writing by Andrew Torchia)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 04 2017 | 1:24 PM IST

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