✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

Omani oil minister says he believes there is consensus for output cuts

Published 12/02/2018, 03:18 PM
Updated 12/02/2018, 03:20 PM
© Reuters. FILE PHOTO: Mohammed bin Hamad Al Rumhy, Oman's Minister of Oil and Gas, arrives to a meeting between OPEC and non-OPEC oil producers, in Doha

VIENNA (Reuters) - Omani Energy Minister Mohammed bin Hamad al-Rumhy said on Sunday that he believed there was a consensus among OPEC oil producers that oil output should be cut.

Asked if he thinks there is a consensus for a cut, he told reporters: "I think so, yes. We enjoyed the benefits of cuts."

He added Oman was ready to join any cuts decided by OPEC and its allies next week. "Of course, we have always been a champion of cutting."

© Reuters. FILE PHOTO: Mohammed bin Hamad Al Rumhy, Oman's Minister of Oil and Gas, arrives to a meeting between OPEC and non-OPEC oil producers, in Doha

Oil ministers from the Organization of the Petroleum Exporting Countries meet in Vienna on Thursday, followed by talks with non-OPEC oil producers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.