OPEC looking for sufficient oil output cut: Saudi Arabia

2018-12-07 01:57:33 GMT2018-12-07 09:57:33(Beijing Time) Xinhua English
Saudi Energy Minister Khalid Al-Falih (R) is interviewed before the closed-door meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, Dec. 6, 2018. In a press release, OPEC said it is important to examine the potential gap between supply and demand in 2019. (Xinhua/Liu Xiang) Saudi Energy Minister Khalid Al-Falih (R) is interviewed before the closed-door meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, Dec. 6, 2018. In a press release, OPEC said it is important to examine the potential gap between supply and demand in 2019. (Xinhua/Liu Xiang)

VIENNA, Dec. 6 (Xinhua) -- Saudi Arabia on Thursday said the Organisation of the Petroleum Exporting Countries (OPEC) is looking for a sufficient cut to balance the oil market, ahead of the meeting with other OPEC members.

"We are looking for a sufficient cut to balance the market," Saudi Energy Minister Khalid al-Falih told reporters before the closed-door meeting in Vienna.

In a press release, OPEC said it is important to examine the potential gap between supply and demand in 2019.

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