Left Menu
Development News Edition

Saudi Arabia says it will keep overcomplying with OPEC+ oil cuts

Reuters | Riyadh | Updated: 12-09-2019 15:47 IST | Created: 12-09-2019 15:40 IST
Saudi Arabia says it will keep overcomplying with OPEC+ oil cuts
Image Credit: Flickr

Saudi Arabia's new energy minister said on Thursday that the kingdom would continue to over comply voluntarily with oil output cuts agreed by the OPEC+ producer alliance. Saudi Arabia's October production would be 9.890 million barrels per day, Prince Abdulaziz bin Salman said after a meeting of ministers from the Organization of the Petroleum Exporting Countries and its allies led by Russia.

Discussions on deeper cuts would be left to the next OPEC+ meeting, he said, adding that there was a clear readiness among OPEC+ and its allies to be responsive. The group will discuss the impact of any easing of U.S. sanctions on OPEC+ member Iran if and when that happens, he said.

Russian Energy Minister Alexander Novak said the group had discussed and expressed concerns about slowing economic growth.

Also Read: OPEC secretary general says no alternative plans for OPEC+ agreement - WAM


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

FACTBOX-Latest on the worldwide spread of coronavirus

Four U.S. states reported record one-day increases in new COVID-19 cases as the nation surpassed the grim milestone of over 7 million total infections, according to a Reuters tally.DEATHS AND INFECTIONS For an interactive graphic tracking ...

Athletics-Russia gets six-month extension to submit reinstatement plan

Russias suspended athletics federation RusAF has been granted a six-month extension to finalise its reinstatement plan before World Athletics decides on potential fresh sanctions or even expulsion, the sports global governing body said on S...

Motor racing-Hamilton fastest in final Russian GP practice

Formula One world championship leader Lewis Hamilton showed his pace on Saturday with the fastest lap in final practice for a Russian Grand Prix that could bring him a record-equalling 91st career win. The 35-year-old Briton led a Mercedes ...

Lebanon's prime minister-designate steps down in blow to French initiative

Lebanons prime minister-designate quit on Saturday after trying for almost a month to line up a non-partisan cabinet, dealing a blow to a French bid aimed at rallying sectarian leaders to tackle the worst crisis since the nations 1975-1990 ...

Give Feedback