Russian energy minister says it's 'too early' to consider exiting oil cut deal

27/03/2018 Argaam

 

It is too early to consider leaving the global oil output cut deal, Reuters reported on Monday, citing Russian Energy Minister, .

 

Any withdrawal from the agreement should be done gradually, he added.

 

Last week, Saudi Arabian Energy Minister, Khalid Al-Falih, said that OPEC members will need to continue coordinating with Russia and other non-OPEC oil-producers on supply curbs next year to reduce global oil inventories to desired levels.

 

The oil cartel and its allies started output cuts in January 2017 and plan to continue these curbs through the end of this year.

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