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Oil-production curbs to be phased out in 2019

Opec and its allies will ensure that crude rebalancing will not spark another price plunge

Published Sun, Feb 25, 2018 · 09:50 PM
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New Delhi

OPEC and its allies including Russia may next year ease the crude-output curbs that have helped prices recover from the worst crash in a generation, according to Saudi Arabia's oil minister.

With the market moving towards equilibrium and bloated inventories shrinking, the next step for global producers will be to phase out the reductions, Khalid al-Falih told reporters in New Delhi on Saturday.

The nations taking part in the supply curbs are currently studying what a c…

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