Oil producers see oversupply, call for new strategies
Saudi Energy Minister Khalid al-Falih (R) talks as UAE's Energy Minister Suhail Mohammed Faraj al-Mazroui listens during a meeting of oil ministers in Abu Dhabi on November 11, 2018 (AFP Photo/KARIM SAHIB)/ Abu Dhabi (AFP) - Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments. Khalid al-Falih, Energy Minister of the world's top supplier Saudi Arabia, said the kingdom would cut its production by 500,000 barrels per day. Russia, the world's ...
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