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Saudi in no hurry to end its voluntary oil production cut, says minister - REUTERS
DUBAI (Reuters) - Saudi Arabia’s energy minister said on Thursday the kingdom was extending its voluntary 1 million barrel per day (bpd) oil production cut and would in coming months choose when to gradually phase out this reduction.
“We are not in a hurry to bring it forward ... We are cautious,” Energy Minister Prince Abdulaziz bin Salman told a news conference after a meeting of OPEC+ ministers, adding that Saudi Arabia would decide when to end its voluntary cut “at our time, at our convenience.”
Editing by Edmund Blair