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Austria: OPEC committee recommends oil production cuts
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06.12.2018
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "The cut yes, but we haven't yet discussed a number."
Journalist: "Is there a number?"
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "Not yet. Work in progress."
Journalist: "Did you recommend the cut?"
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "Ah?"
Journalist: "Did you recommend the cut?"
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "We all did. There's a consensus."
Journalist: "And so from January for six months?"
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "Yes."
The six-country OPEC/non-OPEC monitoring committee recommended a cut in oil production, Omani Minister of Oil and Gas Mohammed al-Rumhy told reporters in Vienna Wednesday.
Al-Rumhy stressed that no firm volumes have been agreed so far, with further details to emerge following Thursday's full OPEC meeting and talks involving Russia and nine other non-OPEC members on Friday.
He indicated that there is a consensus among OPEC and non-OPEC members for the cut, however Russian Energy Minister Alexander Novak has yet to comment on the organisation's plans.
Journalist: "Is there a number?"
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "Not yet. Work in progress."
Journalist: "Did you recommend the cut?"
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "Ah?"
Journalist: "Did you recommend the cut?"
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "We all did. There's a consensus."
Journalist: "And so from January for six months?"
Mohammed al-Rumhy, Minister of Oil and Gas in the Sultanate of Oman: "Yes."
The six-country OPEC/non-OPEC monitoring committee recommended a cut in oil production, Omani Minister of Oil and Gas Mohammed al-Rumhy told reporters in Vienna Wednesday.
Al-Rumhy stressed that no firm volumes have been agreed so far, with further details to emerge following Thursday's full OPEC meeting and talks involving Russia and nine other non-OPEC members on Friday.
He indicated that there is a consensus among OPEC and non-OPEC members for the cut, however Russian Energy Minister Alexander Novak has yet to comment on the organisation's plans.
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