Saudi Arabia to keep overcomplying with oil cuts, says energy minister

Saudi Arabia will continue to overcomply with oil output cuts at pace exceeding its stake within the OPEC+ deal, said energy minister Prince Abdulaziz bin Salman on his Twitter account.

Elsewhere, he said during the press conference held today on the sideline of the Joint Ministerial Monitoring Committee meeting that the Kingdom production will reach 9.89 million barrels per day in October.

In December 2018, OPEC and its partners agreed to slash production by 1.2 million barrels per day, and agreed last July to extend the agreement till March 2020.