{"id":125386,"date":"2019-06-30T20:20:23","date_gmt":"2019-06-30T20:20:23","guid":{"rendered":"https:\/\/www.bnreport.com\/saudi-energy-minister-says-9-month-opec-extension-most-likely\/"},"modified":"2019-06-30T20:20:23","modified_gmt":"2019-06-30T20:20:23","slug":"saudi-energy-minister-says-9-month-opec-extension-most-likely","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/saudi-energy-minister-says-9-month-opec-extension-most-likely\/","title":{"rendered":"Saudi energy minister says 9-month Opec+ extension most likely"},"content":{"rendered":"

Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC<\/a> 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.<\/p>\n

\u201cI think most likely a nine-month extension,\u201d Falih told reporters when asked about Saudi preferences.<\/p>\n

Asked about a deeper cut, he said: "I dont think the market needs that."<\/p>\n

\u201cDemand is softening a little bit but I think its still healthy,\u201d he said, adding that he expected the market to balance in the next six to nine months.<\/p>\n

Russia has agreed with Saudi Arabia<\/a> to extend the deal with OPEC, Russian President Vladimir Putin<\/a> said earlier, as oil prices come under rRead More \u2013 Source<\/strong><\/a>
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ET Markets<\/a><\/h5>\n

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Saudi Energy Minister Khalid al-Falih said on Sunday that OP..<\/p>\n","protected":false},"author":1,"featured_media":125387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-125386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nSaudi energy minister says 9-month Opec+ extension most likely - Business News Report<\/title>\n<meta name=\"description\" content=\"Saudi Energy Minister Khalid al-Falih said on Sunday that OP..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/saudi-energy-minister-says-9-month-opec-extension-most-likely\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi energy minister says 9-month Opec+ extension most likely - 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