BLOOMBERG.COM
Saudi Arabia will use this week’s OPEC meeting to repair relationships with fellow producers after the failure of an April accord to freeze crude output in Doha, according to people familiar the matter. Saudi Arabia’s Minister of Energy Khalid Al-Falih will reassure other members his nation won’t flood the oil market and may be open to the reintroduction of an overall production target for the group, the people said, asking not to be identified because information is not public. There’s no indication that Saudi Arabia is seeking to change current production volumes, they said.
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Saudi Arabia will use this week’s OPEC meeting to repair relationships with fellow producers after the failure of an April accord to freeze crude output in Doha, according to people familiar the matter. Saudi Arabia’s Minister of Energy Khalid Al-Falih will reassure other members his nation won’t flood the oil market and may be open to the reintroduction of an overall production target for the group, the people said, asking not to be identified because information is not public. There’s no indication that Saudi Arabia is seeking to change current production volumes, they said.
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