Saudi’s Falih says no instantaneous need to adjust petrol pact

March 18, 2022

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FILE PHOTO: Saudi Arabia’s Energy Minister Khalid al-Falih, talks to journalists prior to a beginning of a meeting within the Organization of the Petroleum Exporting Countries (OPEC) within Vienna, Austria, May 30, 2017. REUTERS/Leonhard Foeger

June 10, 2017

ASTANA (Reuters) C There is no facts the global oil producers’ pact really should be adjusted now, Saudi Arabian Electricity Minister Khalid al-Falih said with Saturday, describing the current weakness in gross prices as the sector overreacting to statistical bugs.

“I am convinced that the entire trend for the marketplace is that of rebalancing,” they told reporters at a visit to Kazakhstan.

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