“It’s unlikely that we will need to continue [production cuts past June.]” – Khalid al-Falih
OPEC may not continue oil production cuts after the middle of the year, according to estimations from Saudi Minister of Energy and Industry Khalid al-Falih. The group is scheduled to meet in May to discuss whether or not production cuts should continue.

“Based on my judgement today, I think it’s unlikely that we will need to continue,” production cuts beyond June, al-Falih said, explaining that the market should have rebalanced by then. Even so, OPE...

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