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Oman Oil Minister: It Is Too Early To Assess The Need To Deepen Oil Cuts

BAGHDAD, Oman's Oil Minister Mohammed bin Hamad al-Ramahi said on Monday it was too early to say whether oil markets needed to deepen supply cuts next year.

"I don't know ... it's too early to assess," he said on the sidelines of an energy conference in the UAE capital Abu Dhabi when asked if there was a need to deepen production restrictions next year by OPEC and other producers.

Analysts believe that the next ministerial meeting of the Committee to monitor production cuts in Abu Dhabi, led by Saudi Arabia and Russia, will be an important opportunity to assess the market situation in light of the challenges of US production growth and trade wars and geopolitical risks, and to assess the effectiveness of production cuts in the face of these factors, while considering the possibility of deepening these reductions to meet the abundance expected supplies next year. "

Source: National Iraqi News Agency

Oman Oil Minister: It Is Too Early To Assess The Need To Deepen Oil Cuts

BAGHDAD, Oman's Oil Minister Mohammed bin Hamad al-Ramahi said on Monday it was too early to say whether oil markets needed to deepen supply cuts next year.

"I don't know ... it's too early to assess," he said on the sidelines of an energy conference in the UAE capital Abu Dhabi when asked if there was a need to deepen production restrictions next year by OPEC and other producers.

Analysts believe that the next ministerial meeting of the Committee to monitor production cuts in Abu Dhabi, led by Saudi Arabia and Russia, will be an important opportunity to assess the market situation in light of the challenges of US production growth and trade wars and geopolitical risks, and to assess the effectiveness of production cuts in the face of these factors, while considering the possibility of deepening these reductions to meet the abundance expected supplies next year. "

Source: National Iraqi News Agency

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