Saudi’s Falih Expects ‘Reasonable And Moderate’ Oil Agreement Next Week

Saudi Energy Minister Khalid al-Falih expects a “reasonable and moderate” agreement next week when OPEC and non-OPEC oil-producing nations meet in Vienna, he told reporters in Moscow on June 14.

The meeting between OPEC and non-OPEC nations, led by Saudi Arabia and Russia, is expected to decide next week whether their current pact to curb oil production needs to be adjusted, as a recent rise in the oil prices has raised concerns among some participants.