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Moscow and Riyadh will work to decrease oil stockpile: ministers
Both sides are still trying to find ways to coexist with US shale oil producers
Add BT as a preferred sourcePublished Wed, May 31, 2017 · 09:50 PM
Moscow
OPEC and non-Opec countries are committed to bringing global oil inventories down to the industry's five-year average, Saudi Energy Minister Khalid al-Falih said on Wednesday, adding he saw the target being reached in the very near future.
Speaking in Moscow after a meeting between Opec and Russia, Mr Falih and his Russian counterpart Alexander Novak also said they saw their cooperation in oil markets lasting after the current joint oil output agreement expires in March next year.
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