Saudi OilMin Al-Falih: OPEC+ agreement is just the beginning

Kuwait’s state news agency, KUNA, reported comments from the Saudi Arabian Energy Minister Khalid Al-Falih delivered a day before, with the headlines found below (cited by Oilprice.com).

OPEC’s decision to rein in compliance rates with the 2016 oil production cut deal is “interim”

OPEC’s number-one producer could lift production by 1 million bpd single-handedly, but it would not do so because “it is an inseparable part of a gathering that functions with solidarity and partnership for the stability of the global oil market.”