Al-Falih says it's premature to confirm if OPEC+ will cut output

It is premature to say if OPEC+ will cut output, Saudi Arabia’s energy minister Khalid Al-Falih said in an interview with Bloomberg Television on Tuesday.

Speaking ahead of the OPEC meeting in Vienna on Thursday, the minister said it’s still uncertain what size of oil supply cut the world needs.

“Saudi Arabia is for stable oil market. We need to get together and listen to our colleagues to hear their views on the supply, demand and the projection of their own countries’ production, and listen to the technical committee’s report on where demand is going to be ” the minister added.