Global oil suppliers will consider whether to extend their cooperation beyond 2018, but such cooperation would not necessarily mean extending current output levels,
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…807 Views | the publication reaches you by | Saudi Arabia Today
“We shouldn’t limit our efforts to 2018 – we need to be talking about a longer framework of cooperation,” Falih told reporters on the sidelines of a meeting of the joint ministerial committee which oversees implementation of the global deal on oil supply cuts.
“I am talking about extending the framework that we started, which is the declaration of cooperation, beyond 2018.
or production targets country by country that we signed up to in 2016, but assuring stakeholders, investors, consumers and the global community that this is something that is here to stay. And we are going to work together.”
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