Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC...
DUBAI - Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC+ group of oil producers to continue working towards oil market stability in the second half of the year, the Saudi-owned Arab News newspaper reported on Monday.
Saudi Arabia produced 9.65 million barrels per day of oil in May, a Saudi industry source said, a deeper cut than its target set by the Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+. U.S. crude stockpiles fell less than expected last week, data from the Energy Information Administration showed on Thursday. Stocks are near their highest since July 2017 and about 5% above the five-year average.
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