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Saudi, UAE agree extension of oil cuts may be considered -statement

Reuters  |  DUBAI 

DUBAI (Reuters) - Saudi Arabia's Energy Minister Khalid al-Falih agreed with his UAE counterpart that an extension of a pact on global oil supply cuts beyond March 2018 may be considered depending on market fundamentals, the Saudi ministry said in a statement on Monday.Falih and the Minister of Energy of the United Arab Emirates, Suhail al-Mazroui, held a meeting in Astana, at which both men discussed oil market dynamics and "expressed satisfaction with improving market fundamentals", the statement said.During the meeting al-Mazroui said that Abu Dhabi National Oil Co (ADNOC) has cut crude ...

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First Published: Mon, September 11 2017. 18:11 IST