oil market responding positively to output cut
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Oil Market 'Responding Positively' to Output Cut

Arab Today, arab today

Arab Today, arab today Oil Market 'Responding Positively' to Output Cut

Qatar's energy minister ,Mohammed Saleh al-Sada
Doha - Arab Today

Qatar's energy minister, the current OPEC president, said world oil markets were "responding positively" to output cuts implemented by the cartel and some non-cartel producers. 


"I think the market is responding positively and you can see the drop in supply," Mohammed Saleh al-Sada told reporters. 


OPEC and non-OPEC producers led by Russia agreed in December to cut output by nearly 1.8 million barrels per day, initially for six months, starting from the beginning of this year.--AFP

Source :NNA

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