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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

Published Wed, May 31, 2017 · 09:50 PM
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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…

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Saudi Arabia

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